If the demand curve for a firm's output is P=200-10Q, the total revenue curve will be

Name: If the demand curve for a firm's output is P=200-10Q, the total revenue curve will be
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Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying price (P) and quantity (Q), so TR=P*Q. If we substitute the demand equation P=200-10Q into the total revenue equation we get:
TR= (200-10Q)Q
TR= 200Q-10Q^2
Therefore, the total revenue curve is TR=200Q-10Q^2, which is closest to option B.

If the Demand Curve for a Firm's Output Is P=200-10Q