If the demand function is p = 10 – 2D, find total revenue and average
revenue when D is 3 units.
Answers
Given : demand function is p = 10 - 2D,
To Find : total revenue at D = 3
Solution:
p = 10 - 2D,
p = price
D = Demand
Revenue = p * D
D = 3
=> p = 10 - 2(3)
=> P = 4
Revenue = p * D
= 4 * 3
= 12
Total revenue is 12 at D = 3
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Answer:
Given : demand function is p = 10 - 2D,
To Find : total revenue at D = 3
Solution:
p = 10 - 2D,
p = price
D = Demand
Revenue = p * D
D = 3
=> p = 10 - 2(3)
=> P = 4
Revenue = p * D
= 4 * 3
= 12
Total revenue is 12 at D = 3
Learn More
A monopolist's demand function is p = 300 - 5x, answer the ...
brainly.in/question/13472423
A monopolist's demand function is p = 300 - 5x, answer the ...
brainly.in/question/13501380
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