Question
Assume that a demand equation is given by q=8000100p. Find the marginal revenue for the given production levels(values ofq). (Hint: Solve the demand equation for
Assume that a demand equation is given by q=8000100p. Find the marginal revenue for the given production levels(values ofq). (Hint: Solve the demand equation for p and use R(q)=qp.)
a. 2500 units
The marginal revenue at 2500 units is_______
b. 4000 units
The marginal revenue at 4000 units is________
c. 7000 units
The marginal revenue at 7000 units is________
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
