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A demand function is given by: P+Q=6 And Total Cost function is: TC=2Q +5Q+3 Find: 1) Total Revenue function (TR). 2) Marginal Revenue function
A demand function is given by: P+Q=6 And Total Cost function is: TC=2Q +5Q+3 Find: 1) Total Revenue function (TR). 2) Marginal Revenue function (MR). 3) Marginal Revenue (MR) at Q=0 4) Profit function 5) Marginal Profit at Q = 3
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
