7. A manager faces two separate markets. The estimated demand functions for the two markets are and...

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7. A manager faces two separate markets. The estimated demand functions for the two markets are and

a. Find the inverse marginal revenue functions.

b. Find the total marginal revenue functions.

c. Draw a graph of MRA, MRB, and MRT. Check your algebraic derivation of total marginal revenue.

d. If the manager has a total of 650 units to sell, how should the 650 units be allocated to maximize total revenue?

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Managerial Economics

ISBN: 9780073375915

10th Edition

Authors: Christopher R Thomas, S Charles Maurice

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Question Posted: Oct 08, 2024 11:00 AM

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