Answer to Question #114820 in Microeconomics for Makhadzi

Question #114820

Suppose the market demand function for a good is given by
Q=5p+1000
Find the monopolist total revenue

Expert's answer

"TR=pQ"

"TR=p(-5p+100)"

"TR^\/=-10p+100"

"p=10"

"Q=150"

"TR=1500"

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