What is marginal revenue equal

Assignment Help Business Economics
Reference no: EM13157354

A firmâ€TMs demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?

Reference no: EM13157354

Questions Cloud

What can we conclude at the level from test statistic : Seven employees were included from Area A, 9 from Area B and 12 from Area C. The test statistic was computed to be 4.91. What can we conclude at the 0.05 level?
Explain ways in which the body metabolism adapts : Explain ways in which the body's metabolism adapts to conditions of fasting/starvation and How do these adaptations affect the rate of weight loss when dieting?
Calculate the number of moles of an ideal gas : Calculate the number of moles of an ideal gas in a 250. mL sealed container that has a pressure of 788 torr and a temperature of 72.1 degrees F.
Explain why might normality be an issue : Construct a 95 percent confidence interval for the true mean. (b) Why might normality be an issue here? (c) What sample size would be needed to obtain an error of ±10 square millimeters.
What is marginal revenue equal : A firm†TM s demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?
Fundamentals of corporate finance : Do you have the answer of Fundamentals of Corporate Finance, Standard Edition Edition 8 by Stephen A. Ross, Randolph W. Weste this book?
Recognize income in the year of the formation? : Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his shares of the company. Bill transferred property with a basis of $5,000 for $75,000 of stock. Steve contributes cash of $100,000 for his shares. Which of the three must r..
What is the molarity of citric acid : Supppose that a 1 L solution is made from 226 mg of citric acid (C6H8O7).What is the molarity of citric acid?
Compare the distance that a typical pine pollen tube : Compare the distance that a typical pine pollen tube must grow versus a lily pollen tube.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Product you consume for which your marginal utility

Give an example of a product you consume for which your marginal utility increases with the amount of your consumption

  Marginal rate of substitution

Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.

  Analyze legal concerns and current your thoughts and beliefs

In presenting your thoughts and beliefs, contextualize your opinion in terms of challenges of managing that diversity issue within your workplace.

  Show the budget line for the potential recipient

If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.

  What happens with the levels of law enforcement and crime

Graph the best response functions. Find the Nash Equilibrium of this game. What happens with the levels of law enforcement and crime (in Nash Equilibrium) when the cost of law enforcement c goes up?

  Illustrate what does the well-being of us residents

U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and illustrate what does it not tell us, about the well-being of U.S. residents

  Converse briefly its relationship to microeconomics

Converse briefly its relationship to microeconomics also other related fields of study such as finance, marketplace also statistics.

  Gdp are associated with changes in interest rates

Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.

  Compute the elasticity of demand when the price of a deluxe

Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.

  Nominal interest rates fall during recession

Business firms become pessimistic about their future earning capacity as do banks. Nominal interest rates fall during recession.

  Explain how would you rank them and why

if possible, your most preferred to least preferred type of shock: positive demand shock, negative demand shock, positive supply shock, negative supply shock. Explain how would you rank them and why.

  Perspective of economic efficiency and equity

Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd