Question: 5. Here is a demand function: Q = 12 -4P. On the answer sheet circle your choice for its marginal revenue (MR) function. Circle the

5. Here is a demand function: Q = 12 -4P. On the answer sheet circle your choice for its marginal revenue (MR) function. Circle the correct formula for marginal revenue (MR) a. MR =2-.4Q b. MR =3-.5Q e. MR =1-.167Q C. MR =1.5 -.2Q d. MR =1-.333Q f. MR=1.5-.333Q 6. Circle your choice for the quantity that will maximize total revenue for the function in 5 (above). 3 4.5 5 6 7.5

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