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I) Below is a linear demand function. Plot it on the top set of axes. Your demand function is: Qx = 40000 - 50PX 2)

I) Below is a linear demand function. Plot it on the top set of axes. Your demand function is: Qx = 40000 - 50PX 2) The price function is the inverse of the demand function. Write this inverse below. Px = 800 - .02Q 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 -.02

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