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

Monopsony, what are the pros and cons of monopsony

what are the pros and cons of monopsony

Problem set #2, Two people are engaged in a joint project. If each person i...

Two people are engaged in a joint project. If each person i puts in the effort xi, the outcome of the project is worth f(x1, x2). Each person’s effort level xi is a number between

Features of monopolistic competition, Features of monopolistic competition:...

Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no

Explain term Markets , A market is nothing more or less than the locus of e...

A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions.   Transactions happen

Economics, #question.what is meant by ppc?illustrate the central problems o...

#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.

Rule of thumb method, Rule of Thumb Method Sir Ashby had been requeste...

Rule of Thumb Method Sir Ashby had been requested in 1960 by the Government of Nigeria to submit a report on manpower development in Nigeria. In doing so, in the absence of re

Explain about capital flight, Q. Explain about Capital Flight? Capital ...

Q. Explain about Capital Flight? Capital Flight: A destructive process in that investors (both domestic residents and foreigners) withdraw their financial capital from a countr

Price floor , Suppose that the U.S. Department of Agriculture (USDA) admini...

Suppose that the U.S. Department of Agriculture (USDA) administers the price floor for cheese, set at $0.17 per pound of cheese. (The price floor is officially set at $16.10 per hu

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