Question
(e) Since P = 386.140 - 0.042 Q, TR = PQ = (P = 386.140 - 0.042 Q) Q = 386.140Q - 0.042 Q2 MR
(e) Since P = 386.140 - 0.042 Q,
TR = PQ = (P = 386.140 - 0.042 Q) Q = 386.140Q - 0.042 Q2
MR = d(TR)/dQ = 386.140 - 0.042 (2) Q = 386.140 - 0.082 Q
Using the above functions, the P and MR can be drawn as follows:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The World Economy Geography, Business, Development
Authors: Frederick P. Stutz, Barney Warf
6th edition
321722508, 321722507, 978-0321722508
