FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose firm demand is given byq(P)=482P and firm total costs are given by TC(q)=80+32q2 . The firm's marginal revenue function is:

Suppose firm demand is given byq(P)=482P

and firm total costs are given byTC(q)=80+32q2

. The firm's marginal revenue function is:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management In The Hospitality Industry

Introduction To Management In The Hospitality Industry

Authors: Clayton W Barrows, Tom Powers

10th Edition

0470399740, 9780470399743

Students also viewed these Economics questions

Question

★★★★★
Timothy Donaghy has developed a unique formula for growing hair. His proprietary lotion, used regularly for 45 days, will grow hair in bald spots (with varying degrees of success). Timothy calls his...

Answered: 1 week ago

Question

★★★★★
Discuss the origins of behavior therapy.

Answered: 1 week ago

Question

★★★★★
1. Given that Blades expects to use the cash flows generated by the Thai subsidiary to pay the interest and principal of the notes, would the effective financing cost of the baht-denominated notes be...

Answered: 1 week ago

Question

★★★★★
You have to do a feasibility analysis of an investment knowing the following information: the initial cost of investment (I0) is 10.000 EUR and the free cash flows that will be generated by the...

Answered: 1 week ago

Question

★★★★★
Which of the following are combined to determine the equilibrium rate of interest? Group of answer choices Demand for money, supply of money, and the rate of return Supply of money and the Fed funds...

Answered: 1 week ago

Question

★★★★★
Question two Ever since he was a small boy Nephew has dreamed of owning a car repair business. Following high school, Nephew borrows money from Bankco and enrolls and pays his own way through...

Answered: 1 week ago

Question

★★★★★
To deal with the continuous disappointing news in the job market, government increased spending. The short-run effect of the policy is ________ a.economic expansion and lower interest rate. b.no...

Answered: 1 week ago

Question

★★★★★
This house is new and how to set up the network in this house? CLOSET BATH 3 CLOS MASTER BATH SITTING 8'6"X7'0" BALCONY 10'4"x5'8" MASTER WARDROBE MASTER SUITE 18'0"x14'0" UTILITY LIFT DEN...

Answered: 1 week ago

Question

★★★★★
A U.S. parent has a subsidiary in Canada. Its account balances are measured in Canadian dollars. If the parent's reporting currency is the U.S. dollar and the subsidiary's functional currency is the...

Answered: 1 week ago

Question

★★★★★
Rome Restaurant has the opportunity to purchase a new pizza oven for their new line of pizzas. This oven has a cost of $60,000 and will yield the following cash flows: Year 1: $12,000 Year 2: $12,500...

Answered: 1 week ago

Previous Question Next Question