Suppose you have the following hypothetical demand or sales function. Qx= -4Px+2Py+0.20I+0.04A and PX = $200, (price of good X) PY =$230, (price of good Y) I = $1,500 (disposable per capita income) A =$12,000 (advertizing expenditures)
e. Calculate expected sales.
f. Find the total revenue function
g. Find the marginal revenue function
h. What outputlevel maximizaes total revenue