Question

For the demand function D=2-3p+p2

then the demand when p=5​

Answer 1

Answer:

2-3p+p2

=2-35+52

=33+52

=85

Answer 2

Step-by-step explanation:

Elasticity of demand

D=150−p2−3p

n=∂P∂D×xoPo

Po=3,xo=150−9−9=132

n=−2p−3×1323=−0.204

MR(marginal revenue)

=P[1−np1]

=3[1+27132]=17.666

Average revenue (AR)

=M(e−1e)

=17.666(−1.204−0.204)=3