Suppose a Firm's Inverse Demand Function Is P = 40

question 38

Multiple Choice

Suppose a firm's inverse demand function is P = 40 - 8Q. What is the firm's revenue function?

• A) R = 40Q - 8Q²
• B) R = 40 - 16Q
• C) R = -8Q
• D) R = 40/Q - 8
• E) R = 40Q - 4Q²

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