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







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

Write discussion on Firm''s marginal revenue function
Your posts are moderated
Related Questions
exceptional supply

what are the causes,consequences and remedy of measurement error?

Production Functions, Labor Markets, and a Small Open Economy. In 2007, the Icelandic economy was in general equilibrium, the supply of labor was a positive function of the real


The textbook states, “Prejudice by itself did not create American slavery.” Examine the forces and events that led to slavery in North America, and the role that racial prejudice p

A firm has the certain total revenue (TR) function:      TR=(4Q+2) e 4Q where Q  is Quantity      Find the firm's marginal revenue function.

A bottling company has determined the number of machine breakdowns per month and their respective probabilities as given below:     Number of     Breakdowns        Probability

Suppose years of schooling, s , is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by w m = 500 + 100 s and


Effective Human Resources Management Depends Upon Sound Reward System Essays and Term Papers