Answer to Question #315452 in Math for Jack

Question #315452

The demand function 𝑄 and cost function 𝐶(𝑄) of a commodity are given by the equations \[ Q = 20 - 0{,}01P\]


𝐶(𝑄)=60+6𝑄,


where P and 𝑄 are the price and quantity, respectively.

The total revenue function (𝑇𝑅) in terms of 𝑃 is

a.

TR=20−0,01P.


b.


TR=P(120−0,01P2).


c.


TR=20P−0,01P2.


d.

𝑇𝑅=𝑃2(20−0,01𝑃2).


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