Question: Please Assist. The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. 1)

Please Assist.

Please Assist. The equation below represents a linear demand curve. Use the

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 get of axes. Your demand function is: -300 Qx = 80000-200P 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- 20k 4OK _ bok 4) Derive (or simply write) the marginal revenue (MR) function 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 20k 30k 40k 50k 60k 80k k means thousand 30k Jok 60K Demand_MR_TR_plotal.dec January 31, 1016

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