1. Business
  2. Economics
  3. question 4 a firm has the following demand p ...

Question: question 4 a firm has the following demand p ...

Question details

Question 4: A firm has the following demand: P = 80-0.04Q a. Write down the total revenue function b. At what output level, total revenue will be maximized c. If Q = 200, what is the total revenue? d. Is the demand elastic or inelastic at Q = 200

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution