Q235
The demand function for commodity X, is QD = 300 - 20P; where P is the price in rupees per unit and QD is the quantity demanded in units per period. Which of the following is the price level at which total revenue of a firm facing this demand function is maximised?
A.
8.0
B.
7.5
AnswerC.
10.5
D.
12.5
Answer: Option B
Solution
Answer: Option B
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