16. The post office sells postage stamps for $ .55 each. The daily demand for these stamps is given by QD = 45000 – 1,000,000P. What is the daily total revenue for the post office? Show an appropriate supply and demand diagram. -

16. The post office sells postage stamps for $ .55 each. The daily demand for these stamps is given by QD = 45000 – 1,000,000P. What is the daily total revenue for the post office? Show an appropriate supply and demand diagram. -

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 20RQ: What is the difference between the demand and the quantity demanded of a product, say milk? Explain...

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16. The post office sells postage stamps for $ .55 each. The daily demand for these
stamps is given by QD = 45000 – 1,000,000P. What is the daily total revenue for
the post office? Show an appropriate supply and demand diagram.
-

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