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# demand function, total revenue function, and marginal revenue function

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Given the following demand function:

Price Quantity Arc Elasticity Total Revenue Marginal Rev.
P Qd(Units) Ed (\$) (\$/Unit)

\$12 30 n.a. _________ n.a.
11 40 _________ __________ _________
10 50 _________ __________ _________
9 60 _________ _________ _________
8 70 _________ __________ _________
7 80 _________ __________ __________
6 90 _________ __________ __________
5 100 _________ __________ __________
4 110 _________ __________ __________

a. Compute the associated arc elasticity, total revenue, and marginal revenue values.

b. On separate graphs, plot the demand function, total revenue function, and marginal revenue function.

https://brainmass.com/economics/elasticity/demand-function-total-revenue-and-marginal-revenue-function-49204

#### Solution Preview

Economics, Microeconomics Other
Will be taking a placement exam; & will need a solution/explanation for this type of problem situation (Mgrl. Econ.) Please Help...
Given the following demand function:
Price Quantity Arc Elasticity Total Revenue Marginal Rev.
P Qd(Units) Ed (\$) (\$/Unit)
\$12 30 n.a. _________ n.a.
11 40 ...

#### Solution Summary

The expert computes the associated arc elasticity, total revenue, and marginal revenue values.

\$2.19
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## Analyzing demand function

Given the following demand function:

PriceP\$ Quantity,QD(Pounds of steak) Arc Elasticity, ED Total Revenue Marginal Revenue
12 30 n.a n.a
11 40
10 50
9 60
8 70
7 80
6 90
5 100
4 110

a)Compute the associated arc elasticity, total revenue, and marginal revenue values.

b)On a separate graphs, plot the demand function, total revenue function, and marginal revenue function.

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