1.

If MR = 14 – 6x + 9x2 , find the demand function.

Answer»

MR = 14 – 6x + 9x2 

R = ∫(14 – 6x + 9x2) dx + k 

= 14x – 3x+ 3x3 + k 

Since R = 0, when x = 0, k = 0 

So revenue function R = 14x – 3x2 + 3x3 

Demand function P = R/x = 14 – 3x + 3x2



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