Answer to Question #181341 in Microeconomics for Kamella

Question #181341

Consider the following demand

Q=6000−3P

Find the maximum total revenue that the producer can get.

Expert's answer

"TR=pQ"

"p=2000-\\frac{1}{3}Q"

"TR=2000Q-\\frac{1}{3}Q^2"

"MR=2000-\\frac{2}{3}Q"

"Q=3000"

"p=1000"

"TR=3000000"

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