Find the marginal revenue, Microeconomics

Assignment Help:

(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
(ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of demand when P = 10.
(iii) If supply is related to the price the function P = 0.25Q + 10, find the price elasticity of supply when P = 20.
(iv) Given the demand function aQ + bP - k = 0, where a, b and k are positive constants, show that price elasticity of demand is minus one when MR = 0.
(v) when the demand is P = 20/(4 +Q), calculate the price elasticity of demand when P = 4.


Related Discussions:- Find the marginal revenue

Theory, Explainbainlimitpricetheory

Explainbainlimitpricetheory

Firms and industry, explain the main criteria for classifying firms into in...

explain the main criteria for classifying firms into industries.which criteria serve the better and why?

Report, How much does it cost

How much does it cost

Gains from international trade, Gains from International Trade: It lea...

Gains from International Trade: It leads to increased total world production of goods and services. International trade based on comparative cost advantage allows countries to

Impact of government legislations on business, Impact of government legisla...

Impact of government legislations on business in india Government in India plays a dominant role in the Indian business activity. It directs and regulates the private business and

Money multiplier, Should the bank not have anyone to lend the demand deposi...

Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?

Define Co-ordination Number, What is Co-ordination Number? A Co-ordinatio...

What is Co-ordination Number? A Co-ordination Number is the total number of ligands which are attached to the central metal atom by co-ordinate bonds or number of atoms of a liga

Model of corruption with theft, Consider the model of corruption explored b...

Consider the model of corruption explored by Shleifer and Vishni's where there is one government-produced good X. There is a demand for that good described by the inverse demand eq

Write Your Message!

Captcha
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