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
1
Expert's answer
2020-05-11T19:24:20-0400
"TR=pQ"

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

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


"p=10"

"Q=150"


"TR=1500"


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