Question #181341

Consider the following demand 

Q=6000−3P


Find the maximum total revenue that the producer can get.


1
Expert's answer
2021-04-19T18:49:54-0400
TR=pQTR=pQ

p=200013Qp=2000-\frac{1}{3}Q

TR=2000Q13Q2TR=2000Q-\frac{1}{3}Q^2

MR=200023QMR=2000-\frac{2}{3}Q

Q=3000Q=3000

p=1000p=1000

TR=3000000TR=3000000


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