Derivation and Plots of Demand, Marginal Revenue, and Revenue Curves \"NameWorked Example (0) Due (worth 50 points) Please do all plots on the grids provided. They are scaled to properly plot the functions l) Below is a linear demand function. Plot it on the top set of axes. Your demand function is: Q\\ -: 40000 M SOlR 2) The price function is the inverse of the demand function. Write this inverse below. I\\ z 800 .020 3) Use the price function (2) to obtain the total revenue function (TR). Write the TR function below. You will plot TR on the lower set of axes in step (5). TR = 800Q - .02Q2 (6'4) Derive (or simply write) the marginal revenue (MR) function below. Plot MR along with the demand function (properly located. on the top set ofaxes). MR = 800 .04Q 5) Using the TR function (3). calculate revenue for each ofthe seven Qx values tabled below. Then use the seven revenues to plot the revenue function properly located on the lower set of axes. Quantity Revenue '*k means thousand l;\\mnple_/\\S4.pdf02l l202l 0 ml