The demand function for a manufacturer's product is p(Q) = 100 – 10Q where p is the price in dollar and Q is the quantity demanded. a. Find the Total Revenue (TR) function. b. What is the level of...


The demand function for a manufacturer's product is p(Q) = 100 – 10Q where p is the price in dollar<br>and Q is the quantity demanded.<br>a. Find the Total Revenue (TR) function.<br>b. What is the level of quantity when total revenue is maximized?<br>c. Determine the level of maximum revenue.<br>

Extracted text: The demand function for a manufacturer's product is p(Q) = 100 – 10Q where p is the price in dollar and Q is the quantity demanded. a. Find the Total Revenue (TR) function. b. What is the level of quantity when total revenue is maximized? c. Determine the level of maximum revenue.

Jun 10, 2022
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