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. -

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 3PA: Suppose the price elasticity of demand for heating oil is 02. in the short run and 0.7 in the long...

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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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