Estimate total revenue function and the marginal revenue

Assignment Help Macroeconomics
Reference no: EM1329116

Price elasticity of demand and the behavior of total revenue

Given: Q (demanded) = 8 - 2p

How can I find the total revenue function and the marginal revenue function with just this information?

 

Reference no: EM1329116

Questions Cloud

Transformational leaders build trust with followers : Discuss how transformational leaders often build trust with followers. Give a brief example of how siloed thinking may affect an organization.
Plan an algorithm that prompts : Design an algorithm that prompts the user to enter a secret word. The secret word must be at least 8 characters long. Validate the input.
Compare and contrast various models of change : Compare and contrast various models of change.
How the supply chain supports the organization''s vision : Explain how the supply chain supports the organization's vision, mission, and values. explain the relationship between supply chain management strategies and other functional strategies.
Estimate total revenue function and the marginal revenue : Estimate total revenue function and the marginal revenue function with just this information.
The size and nature of the organization : The size and nature of the organization (or sub-group or department within an organization)
Explain the importance of your selected indicators : Prepare a paper in which you describe the importance of your selected indicators. Include an answer to the following question: What information would be required to utilize these performance indicators to evaluate the performance of a supply chain?
Shaping the constitutional law in united states : Please note that the U.S. Bill of Rights brings a philosophical perspective that should not be lost and has helped to shape constitutional law in the United States.
The discipline of operations management : Summarize the key activities that comprise the discipline of operations management. In your opinion, what aspect do you feel is most important.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Essay on analysis of us multinational company revenue

Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.

  Solution for maximization problem by using excel solver

Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.

  Oligopoly market structure with stackelberg model

You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.

  Estimate before-tax charcoal price

Give the before-tax charcoal price and quantity exchanged. Give the after-tax charcoal price to buyers, the quantity exchanged, and total tax revenues.

  To increase marketplace share giuseppe would like

To increase marketplace share, Giuseppe would like to raise sales to 750 every week. Elucidate price should Giuseppe set.

  Explain how could the advertising be employed to allow

Explain how could the advertising be employed to allow KinderCare to keep price above average cost without encouraging the entry.

  Very important information regarding elasticity of demand

Very important information regarding calculating the income elasticity of demand

  True or false-trends in a firm average fixed cost

Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.

  Changes in slope or position of ad curve

Explain what would happen to the slope or position of the AD curve in the following circumstances.

  Result of regression and estimating demand function

From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.

  Determining externalities

You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.

  Illustrtae what is the point price elasticity of demand

The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd