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A monopolist's Demand Function is $x= 70-\frac{p}{2}$, the revenue at $x= 5 $ will be : |
650 7000 0 60 |
650 |
The correct answer is Option (1) → 650 The demand function, $x=70-\frac{P}{2}$ [P = corresponding price] at x = 5, $5=70-\frac{P}{2}$ $P=130$ and, Revenue = $P × x$ $=130×5=650$ |
