Question

A company has following demand function:-
p = 1000 - 10Q

Derive the marginal revenue function of the company and also find what price the company should charge in order to maximize the sales revenue.​

Answer 1

Answer:

For any linear demand function with an inverse demand equation of the form P = a - bQ, the marginal revenue function has the form MR = a - 2bQ.

Answer 2

Answer:

980Q my confirmation answer yes