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The David Company's demand curve for the company's product is P = 2,000 - 20Q, where P = price and Q = the number sold
The David Company's demand curve for the company's product is P = 2,000 - 20Q, where P = price and Q = the number sold per month.
- Derive the marginal revenue curve for the firm.
- At what output is the demand for the firm's product price elastic?
- If the firm wants to maximize its dollar sales volume, what price should it charge?
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
