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
Correct Answer:
Verified
Correct Answer:
Verified
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