Consider a linear demand function q = Ap) with q the number of items and p the price 6.1 What is the sign of the slope of the demand function? Explain your answer. 6.2 Consider the graph of the revenue function, R = pq = p × f(p) below. R a What price maximizes the revenue? Do not show calculations and answer in a sentence.

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A: Please refer to the image below

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A: The main equations from the given question are as follows.

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A: Given that,A linear function q=f(p) with q number of items and p the price in rands.

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A: Regression equation is given by, Y= a+b1*X1+b2*X2+b3*X3 So  Y= 0.022-0.223*X1+1.354*X2+0.133*X3

Q: Consider a linear demand function q = {\p) with q the number of items and p the price in rands. 6.1…

A: 6. Given that, A linear demand function q=fp with q number of items and p the price in rands.

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A: S(x)=4x+6D(x)=83-3xAt the equilibrium point: S(x)=D(x)

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A: Intercept = 29035 Slope = 3.2258

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A: week 1 week 2   p $ 8       x1 $ 10     x2   q 330      y1 300      y2

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