Business Studies, asked by ps98112870, 1 month ago

A firm knows that the demand function for one of its products is linear. It also knows
that it can sell 1400 units when price is Rs. 4 per unit, and it can sell 1800 units at a price of
Rs. 2 per unit. Find the demand function, total revenue function, average revenue function,
and marginal revenue function. At what level of output will the total revenue be maximum

Answers

Answered by DivyanshiNaithani
4

HOPE THIS HELPS YOU!!

since the demand function is linear,

let demand function be ax+b=p

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