The equation below represents alinear demand curve.Use the grid (right) for your plots.Write

all derivations in the space below.

l) Plot the demand function on the top set of axes.

2) The price function is the inverse of the demand function.

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.Plot MR on the top set of axes (in the proper location with respect to the demand function).

5) Use the TR function from problem #3 to calculate revenue for each of the seven Q_x values below. Use the

seven revenues to plot the revenue

function properly.

Q_x

Revenue

0

5k

12k

15k

18k

25k

30k

kmeans thousand