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Please answer the question 1. If the linear inverse demand function is p = 80 - Q, what is the marginal revenue function? Draw the
Please answer the question
1. If the linear inverse demand function is p = 80 - Q, what is the marginal revenue function? Draw the demand and marginal revenue curves. The marginal revenue (MR) function is MR = 80-2Q Price, p, $ per unit 1.) Use the line drawing tool to graph the demand curve. Label this line 'D'. 2.) Use the line drawing tool to graph the marginal revenue curve. Label this line 'MR'. Carefully follow the instructions above and only draw the required objects. 10 20 30 40 50 60 70 80 90 100 Quantity, Q, Units per yearStep by Step Solution
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