1. Business
  2. Economics
  3. given the demand function is q 1805p find the...

Question: given the demand function is q 1805p find the...

Question details

Given the demand function is Q = 180-5P, find the following: a. The revenue function b. The revenue maximizing output and price c. The own-price elasticity ofdem and at P = $80 own-price elasticity of demand (En) is equal to one, in absolute value. What is the nature of total revenue when lepl 1?
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution