Total revenue and marginal revenue functions for your firm

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Your firm makes smart phone cases. The firm is a monopoly that faces the following demand function: P = 360 – 2Q.

What are the total revenue and the marginal revenue functions for your firm?

You have been offering the product at $10 but are considering raising the price to $12. What is the discrete price elasticity of demand when moving from $10 to $12?

Reference no: EM131236572

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