Question #291653

If the Demand function is P=10-3q than what will be the total revenue at q=3


Expert's answer

If the Demand function is P = 10 - 3q, then the total revenue at q = 3 is:

TR=P×q=(10−3×3)×3=3.TR = P×q = (10 - 3×3)×3 = 3.


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