Envision you work for a firm where the demand curve has been estimated to be Q =
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Question:
Envision you work for a firm where the demand curve has been estimated to be Q = 1200 – 4p.
Create a table with three columns, one with price (P), one showing your anticipated sales (Q), and
another with total revenue (TR). Create the P column at the far left, start price at 0 and increase the price by 30 until you reach the value where quantity sold is equal to zero. You will make quantity a function of price (it will be easiest to write a formula).
Related Book For
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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