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Q.2 Set. (A) Answer following about revenue of a firm: (3+2+3-8) Mar (i) If the revenue of a firm can be expressed by the following

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Q.2 Set. (A) Answer following about revenue of a firm: (3+2+3-8) Mar (i) If the revenue of a firm can be expressed by the following price function: P = 5000 - 50Q a) What is the MR function of this firm? b) At quantity value will it's TR be maximum? c) What will be price at this TR level

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