Question
Company XYZ has the following demand function P= 100 0.0002Q Its marginal revenue function was MR = 100 0.004Q a. Find the firms Total Revenue
Company XYZ has the following demand function
P= 100 0.0002Q
Its marginal revenue function was
MR = 100 0.004Q
a. Find the firms Total Revenue Function
b. Calculate the output level and price that maximizes total revenue.
c. Calculate the amount of revenues in dollars.
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International Business The Challenges Of Globalization
Authors: John J. Wild, Kenneth L. Wild
9th Edition
0134729226, 978-0134729220
