4973-03-econ 1.1 2Demand A manufacturer faces a downward-sloping demand curve for her product: Q = 300 – 2P (demand) (a)What is the equation for the inverse demand curve? () (b)What is the choke price? () (c)What is the equation for the marginal revenue curve? () (d)At what price and quantity are total revenues maximized? () […]
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