Firm''s marginal revenue function, Econometrics

 A firm has the following inverse demand function:

50_123.png


      where Q  is Quantity and P  is Price
 
(a) Find the firm's marginal revenue function.

(b) Find the level of output where the firm maximises its total revenue

 

Posted Date: 3/25/2013 5:18:07 AM | Location : United States







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