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Name Daulton Hatley Due 8/31/20 (worth 50 points) The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. 1) Plot the demand function on the top set of axes. ex = 40000 - 100P 2) The price function is the inverse of the demand function. Write this inverse below. 3) Use the price function to obtain the total revenue function (TR). Write the TR function below. You will plot TR on the lower set of axes in step 5. 4) Derive (or simply write) the marginal revenue (MR) function REVENGE ( SM) below. Plot MR on the top set of axes (in the proper location with respect to the demand function). 5) Use the TR function (3) to calculate revenue for each of the seven Q values below. Use the seven revenues to plot the revenue function properly. Revenue 0 10k 15k 20k 25k 30k 40k means thousand