Please do all plots on the grids provided. They are scaled to properly plot the functions 1) Below is a linear demand function. Plot it on the top set of axes. Your demand function is: Qx = 80000 - 100PX 2) The price function is the inverse of the demand function. Write this -1400 inverse below. PX = 3) Use the price function (2) 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). TR = 20k 40 KG 80K 4) Derive (or simply write) the marginal revenue (MR) function Horizontal axis is Quantity (thousands) below. Plot MR along with the demand function (properly located on the top set of axes). MR = 45 5) Using the TR function (3), calculate revenue for each of the seven Qx values tabled below. Then use the seven revenues to plot the revenue function properly located on the lower set of axes. Quantity Revenue 0 20k -15 30k 40k 50k 60k 80k 20K 40 K 7Exx bok 8OK *k means thousand Demand_MR_TR_plots4.pdf 01 152021