Find the marginal revenue, Microeconomics

(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
(ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of demand when P = 10.
(iii) If supply is related to the price the function P = 0.25Q + 10, find the price elasticity of supply when P = 20.
(iv) Given the demand function aQ + bP - k = 0, where a, b and k are positive constants, show that price elasticity of demand is minus one when MR = 0.
(v) when the demand is P = 20/(4 +Q), calculate the price elasticity of demand when P = 4.

Posted Date: 4/5/2013 6:09:26 AM | Location : United States







Related Discussions:- Find the marginal revenue, Assignment Help, Ask Question on Find the marginal revenue, Get Answer, Expert's Help, Find the marginal revenue Discussions

Write discussion on Find the marginal revenue
Your posts are moderated
Related Questions
What are constant returns to scale? Constant returns to scale: A constant return to scale (CRS) implies that doubling inputs precisely double outputs, which is frequently a


Internal and external economies of scale: Internal economies of scale are the advantages or benefits that the firm enjoys as it expands its size or increases its scale of ope

causes of market failure and its solutions?

Which of the following is evidence of market power? a. Output is fixed despite cost changes b. Optimal Output is less than industry output c. Output changes as cost changes

Igora''s pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the b

The prevention of major swings in economic activity can be handled most easily by the

Discuss whether inflation or deflation is the more serious problem for an economy. Inflation is a consistent general enhance in the price level, whereas deflation is a consiste

#question.case study of bain limt price theory

Economic Reforms and Reduction of Regional Disparities: Another important objective of development is to reduce regional disparities. Government has been helping the backward