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Inverse Demand Equation for output of Industry is P=25-.5Q T =25-.5(Q 1 +Q 2) TR 1 =25Q 1 -.5Q 1 2 -.5Q 2 Q 1
Inverse Demand Equation for output of Industry is
P=25-.5QT=25-.5(Q1+Q2)
TR1=25Q1-.5Q12-.5Q2Q1
TR1=25Q2-.5Q22-.5Q1Q2
TC1=10Q1
TC2=10Q2.
How do I solve for. MR1 and MR2
Please show steps taken so I can understand how to do other problems that are similar thank you
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