Question
1.(30 total points) Suppose a demand curve is given by Q = 150 - 3P. a)(24 points) Complete the following table (when necessary, please leave
1.(30 total points) Suppose a demand curve is given by Q = 150 - 3P.
a)(24 points) Complete the following table (when necessary, please leave your answer in the form of a fraction):
Price
QD
e
Total Revenue
$10
$20
$30
$35
b) (6 points) At what price is Total Revenue maximized?
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
