Find the inverse demand function and the total revenue function from the following demand function: Qd = 50 - 0.25P Your solution’s ready to go! Our expert help has broken down your problem into an easy-to-learn solution you can count on.

Question: Demand function: 7400 - 0.5 Inverse demand function: Px = 14800 PX - 2 Qxd Instruction: Use the tool provided 'D' to graph the inverse demand curve from Qx = 0 to QX = 6,000 (two points total). Your Graph Score: 50% Inverse Demand Function 16000 14000 12000 10000 Price of X 8000 4000 2000 to 2000 4000 6000 8000

Determine the inverse demand function for this demand function: QD = 70 - 2Px. P = A À QD Suppose that the demand function for Good X is given by: QDx = 60 - 4Px +0.2 Py. Where Px represents the price of Good X and Py represents the price of Good Y. Determine the quantity demanded of Good X when the price of Good X is $11 and the price of Good ...

The demand for good X is given by Q x d =6,000- 1/ 2 Px-Py+9Pz+ 1/1 0 M Research shows that the prices of related goods are given by Py = $6,500 and Pz = $100 while the average income of individuals consuming this product is M = $70,000.

3. If Q=800-5P a. what is the Inverse Demand Function? b. Provide the plot of the inverse demand function. c. What is the point elasticity when p= 20 and p=40 4. A consumer has 1000$ and wants to spend it on product A and product B. Price of A is 10$ and Price of B is 20$. a. Provide the budget constraint equation and plot (with the slope and ...

If the inverse demand function for radios is: p = a - bq what is the consumer surplus if the price is 0.5a?

Question: If the inverse demand function for a monopoly's product is p = 100-2Q, then the firm's marginal revenue function is OA -2 OB. 100-40. ?

The Inverse Supply Function is given by.... pS = 25 - 500$ pS = 25 + 500$ pS = 25 + 5Q pS = 20 + 500$ 3 1 point Given the supply and Demand Equations of Questions 1 and 2. Find the equilibrium quantity. 3.90 0.15 6.00 4.50 1 point Given the supply and Demand Equations of Questions 1 and 2.

Question: If the inverse demand function is p = 50 - 0.5 Q, what is the price elasticity of demand and revenue at Q = 88? The price elasticity of demand is elementof =. (Enter your response rounded to three decimal places and include a minus sign.) Revenue (R) is R = $. (Enter your response as a whole number.)

A profit-maximizing monopoly faces an inverse demand function described by the equation p(y) = 30 - y and its total costs are c(y) = 5y, where prices and costs are measured in dollars. In the past it was not taxed, but now it must pay a tax of 2 dollars per unit of output. After the tax, the monopoly will: (Please show work! Thank you!)