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Company XYZ has the following demand function P= 100 - 0.0002Q Its marginal revenue function was MR = 100 - 0.004Q a.Find the firm's Total
Company XYZ has the following demand function
P= 100 - 0.0002Q
Its marginal revenue function was
MR = 100 - 0.004Q
a.Find the firm's 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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