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For the Linear inverse demand function. P (Q) =a + bQ. marginal revenue is given by MR= a + 2bQ 2. Use the formula ,
For the Linear inverse demand function. P (Q) =a + bQ. marginal revenue is given by MR= a + 2bQ
2. Use the formula , to find the marginal revenue MR when the inverse demand is P=190-2Q.
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
