The demand equation faced by DuMont Electronics for its personal computers
QUESTION
The demand equation faced by DuMont Electronics for its personal computers is given by P=10000-4Q.(a) Write the marginal revenue equation.(b) At what price and quantity will MR be zero.(c) At what price and quantity will total revenue be maximized?(d) If price is increased from $6000 to $7000, what will the effect be on total revenue? What does this imply about price elasticity?
ANSWER:
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