Question: 1. A company has a demand function for goods as follows: Qdx = 500 - 5 Px; Where: Qdx = quantity of goods requested and

1. A company has a demand function for goods as follows:

Qdx = 500 - 5 Px; Where: Qdx = quantity of goods requested and Px = price per unit.

Asked:

a). How much must be sold in order for total revenue (TR) to reach maximum profit?

b). What is the maximum Total Revenue (TR)?

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