Answer to Question #114820 in Microeconomics for Makhadzi

Question

Suppose the market demand function for a good is given by
Q=5p+1000
Find the monopolist total revenue

Answer 1

$$TR=pQ$$

$$TR=p(-5p+100)$$

$$TR^/=-10p+100$$

$$p=10$$

$$Q=150$$

$$TR=1500$$