(b) Suppose an individual borrows an amount of K28, 300 for 10 months at an interest...

 

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(b) Suppose an individual borrows an amount of K28, 300 for 10 months at an interest rate of 9.25%. Calculate (i) The interest due on the loan. (ii) The maturity value at the end of 10 months.. (c) The demand function for a monopolist is Q=120-3P. Find expressions for total revenue (TR), marginal revenue (MR) and average revenue(AR). Evaluate TR, MR and AR at Q 15. Hence explain in words the [6 marks] meaning of each function at Q=15. [2 marks] [2 marks] (b) Suppose an individual borrows an amount of K28, 300 for 10 months at an interest rate of 9.25%. Calculate (i) The interest due on the loan. (ii) The maturity value at the end of 10 months.. (c) The demand function for a monopolist is Q=120-3P. Find expressions for total revenue (TR), marginal revenue (MR) and average revenue(AR). Evaluate TR, MR and AR at Q 15. Hence explain in words the [6 marks] meaning of each function at Q=15. [2 marks] [2 marks]

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Answer b Calculation of Interest Due and Maturity Value G... View the full answer