Question: If the Specific Demand Function for good X is Qx = 20,000 - 100Px What is the Total Revenue Function? B Mark A, B, or
If the Specific Demand Function for good X is Qx = 20,000 - 100Px What is the Total Revenue Function? B Mark A, B, or C based on the answers below; Mark A for: TR = 20,000 - 200Px Mark B for: TR = 20,000Px - 100Px2 Mark C for: TR = 200Px2 Based on your function above what is the Marginal Revenue Function? Mark A, B, or C based on the answers below; Mark A for: MR = - 100Px Mark B for: MR = - 200Px2 Mark C for: MR = 20,000 - 200Px
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