Find marginal revenue for the firms that face the following demand curves: a. Q = 1,000 -

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Find marginal revenue for the firms that face the following demand curves:
a. Q = 1,000 - 5P
b. Q = 100 P -2

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Jan 13, 2016 02:40 AM

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Find marginal revenue for the firms that face the following demand curves: a. Q = 1,000 -

Question:

Step by Step Answer:

a First rewrite the demand as an inverse demand curve and write out an expression for total rev...View the full answer

Microeconomics

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