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
Question: (a) Formulate a VAR with 4 lags and also rewrite it in matrix form, mentioning the limitations of such models. (b) What is the rationale behind introducing lag-dep

how run ditributed lag model and how select lag length?

What trends do you see in the Economic, Political, and Cultural environment of society that will affect the industry in the future? Answer) The trends that will affect the indus

What is the expected value and variance of y = 3x+2 knowing that E(X) = 8 and var(X) = 4.

Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes

My question is that when we use Impulse response function and how to use it. Is it used along with some other methodology. What is the meaning of graphs of IRF?

how to find the relationship for a simple linear model?

An electron follows a helical path in a uniform magnetic field of magnitude 0.422T. The pitch of the path is 6.81 mm, and the magnitude force on the electron is 1.59 x 10 -15 N. W

Assume the price elasticity of cigarettes is 0.25. By how much would prices have to increase to get a 20% reduction on smoking?

prove that summation k =0 and summation kxi=1