Question: 1. Given Q = 2P-250, what is P? (write down P as a function of Q) 2. P and Q are determined by a

1. Given Q = 2P-250, what is P? (write down P as

1. Given Q = 2P-250, what is P? (write down P as a function of Q) 2. P and Q are determined by a system of equations. Solve for P and Q. Q = 2P-250 P = 500 - Q 3. Given R = 300Q-0.5Q. What is the first derivative of R (with respect to Q)? (Hint: Power Rule: If y = x", then the first derivative of Y with respect to x is y' = nxn-1)

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