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  3. 1 use the graph below to answer the questions 80...

Question: 1 use the graph below to answer the questions 80...

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1. Use the graph below to answer the questions: 80 70 60 50 40 30 20 10 ㄒ ㄧ -- 4 State the equation for the demand curve (inverse demand function) shown in the graph above using the format Px- a - bQx: a. b. State the equation for the demand function implied in the graph using the format Qx-c - dPx c. Find the equation for Total Revenue, where TR is a function of output (Qx) d. Find the equation for Marginal Revenue, where MR is a function of output (Qx):

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