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
Variable and Total cost curve    * Consequently (from the table which is given): - MC initially decreases with increasing returns  0 through 4 units of output

how can we solve central problems of economy in different econmy?

Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev

Explain in detail the concept of PPC with suitable eg.

Why government cannot print new currency to pay the debts?  When there is deficiency of internal resources then government borrow. Government can borrow either from central ban

Q. What is Corporation? A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of thi

Cyclical Fluctuations: Consider a situation where the value of money above trend indicates an unexpectedly high level of money in the recent past. The model predicts that this

The marginal rate of substitution (MRS) quantifies the quantity of one good a consumer will sacrifice to get more of the other good. – It is calculated by the slope of the indif

Bilateral and Multilateral Contracts Bilateral contract is defined as to purchase & sell certain quantities of a commodity at the agreed upon prices may be entered into between the

Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua