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

Consider a Simple Linear Regression Model (SLRM) of the form y= a1+a2X+e where e ~  N(0,σ 2 )(Use the assumptions outlined in our class and available for review in the lecture note

Gruen&Pagan(1999) "The Phillisp Curve in Australia" identified that NAIRU is non-constant over the period. Provide an econometrics evaluation of the claim that NAIRU is non constan


what is the case of autocorrelation

A city government wants to raise $3 million by issuing bonds. By ballot proposition, the bond's coupon interest rate was set at 8% per year with semiannual payments. However, marke

In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this money in a savings a savings account because her mai

suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned

For each pair of terms/concepts, define each term/concept and explain the relationship between them. The ideal answer is three sentences. One for each definition and one for the re

if there is multicollinearity so why we can not estimate the value of parameters?