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Suppose a firm's demand curve is p = 100 0.5q. (a) What is its revenue function, R(q)? Recall, revenue is price quantity. (b) What is

Suppose a firm's demand curve is p = 100 0.5q.

(a) What is its revenue function, R(q)? Recall, revenue is price quantity.

(b) What is its marginal revenue function, R(q) = MR?

(c) At what quantity is the slope of the revenue function equal to zero?

(d) Graph marginal revenue and revenue on the same graph. Make sure all intercepts and axes are labeled.

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