MANAGERIAL ECONOMIC. Derive the equation for the demand function when M = $30,000 and P R = $50. Interpret the intercept and slope parameters of the…

Using the demand function from part a, calculate the quantity demanded when the price of the good is $1,000 and when the price is $1,500. 

Derive the inverse of the demand function in part a.  Using the inverse demand function, calculate the demand price for 24,000 units of the good

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