Find the total revenue and marginal revenue function

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Reference no: EM131196765

Suppose you have the following hypothetical demand or sales function. Qx= -4Px+2Py+0.20I+0.04A and PX = $200, (price of good X) PY =$230, (price of good Y) I = $1,500 (disposable per capita income) A =$12,000 (advertizing expenditures)

e. Calculate expected sales.

f. Find the total revenue function

g. Find the marginal revenue function

h. What outputlevel maximizaes total revenue

Reference no: EM131196765

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