2. Economics
3. a firms demand function is defined as q 50...

# Question: a firms demand function is defined as q 50...

###### Question details

A firm's demand function is defined as Q = 50 – 5P.

i. Use this function to calculate total revenue when price is equal to 5 and when price is equal to 4.

ii. What is the marginal revenue between P = 5 and P = 4?