Question: (1 point) Hiro, Francesca, and Luis are the only three buyers of gold in a small mining town. Their inverse demand functions for gold are

(1 point) Hiro, Francesca, and Luis are the only three buyers

(1 point) Hiro, Francesca, and Luis are the only three buyers of gold in a small mining town. Their inverse demand functions for gold are as follows: Hiro: p = 20 - QH Francesca: p = 10 - OF 2 Luis: p = 5 - 2L OH, OF, and OL are the quantities (in ounces) demanded by Hiro, Francesca, and Luis, respectively. V 1st attempt Feedback See Hint Because Hiro, Francesca, and Luis always go shopping for gold together, the seller must sell at the same price to all of them. Suppose the seller is selling 17.00 ounces of gold. Then the marginal revenue equals $ x 3.43 . Give your answer to two decimals. C TRY AGAIN

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