Question

which of the following can be determined by the method of integration through marginal revenue?

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Answer 1

Answer:

The inverse demand function can be used to derive the total and marginal revenue functions. Total revenue equals price, P, times quantity, Q, or TR = P×Q. Multiply the inverse demand function by Q to derive the total revenue function: TR = (120 - . 5Q) × Q = 120Q - 0.5Q².