Question: 1. 1. 2 If the inverse demand function is p = 300- 3Q, what is the marginal revenue function? Draw the demand and marginal revenue

1. 1. 2 If the inverse demand function is p = 300- 3Q, what is the marginal revenue function? Draw the demand and marginal revenue curves. At what quantities do the demand and marginal revenue lines hit the quantity axis? (Hint: See Solved Problem 11.1.)

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