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 maximized ?
| A. | 8.0 |
| B. | 7.5 |
| C. | 10.5 |
| D. | 12.5 |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
