### Price Elasticity of Demand and Inverse Demand Function

4. Given the following cost and inverse demand function P(Q) = 50 - .00025Q C(Q) = 361, 250 + 5Q + .0002Q² a. Find the total revenue? b. Find the marginal and average costs and graph the functions in the ranges of Q= 40,000, 42500, 45,000. c. Briefly explain the point of intersection between MC and ATC (AC) in terms