Question
What is the range of elastic demand on a demand curve having the equation: Qd=8,000-50P? What is the price that will maximize total revenue? Account
What is the range of elastic demand on a demand curve having the equation: Qd=8,000-50P?
What is the price that will maximize total revenue? Account for both the algebraic and the diagrammatic solutions.
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Answer When TR is maximum MR is equal to zero ...
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Visualizing Environmental Science
Authors: Linda R. Berg, David M. Hassenzahl, Mary Catherine Hager
4th Edition
1118169832, 978-1118169834
