Question: 5.Amonopolist'sdemand function is given by P+Q=100. Write down expression for TR and MR in terms of Q and sketch their graphs. Find the value of

5.Amonopolist'sdemand function is given by P+Q=100. Write down expression for TR and MR in terms of Q and sketch their graphs. Find the value of Q which gives a marginal revenue of zero.

6. Given the demand function

Q=1012P

Find price elasticity of demand at P =16.

7. Given the demand function

P=4014Q

Find price elasticity of demandat P =30.

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