Given the demand function P = 100-2Q.(i)Express TR as a function of QOTR=100Q-2Q²OTR=2Q-100OTR=2Q+100Q²OTR=2Q²-100(iii)What is the maximum value of TR?

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Answered: Given the demand function P = 100-2Q.…

Given the demand function P = 100-2Q. %3D (i) Express TR as a function of Q OTR=100Q-2Q? OTR=2Q-100 OTR=2Q+100Q² OTR=2Q²-100 (ii) What is the maximum value of TR?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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