A monopolistic demand is given by: P = 280 -3Q. What is the marginal revenue when Q= 20Select one:O A. 220O B. 100O C. 160O D. 14Clear my choice Which of the above shows the correttrelationship between demand and marginalrevenue?MRQuantity(A)MRQuantity(B)MRMRQuantity(C)Quantity(D)Select one:O A. Bо В. DО С. АO D. C

Total revenue is the the revenue earned by the seller at given price. TR=P*Q Marginal revenue is the…

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A monopolistic demand is given by: P = 280 - 3Q. What is the marginal revenue when Q= 20 Select one: O A. 220 B. 100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

A monopolistic demand is given by: P = 280 -
3Q. What is the marginal revenue when Q= 20
Select one:
O A. 220
O B. 100
O C. 160
O D. 14
Clear my choice

Which of the above shows the corrett
relationship between demand and marginal
revenue?
MR
Quantity
(A)
MR
Quantity
(B)
MR
MR
Quantity
(C)
Quantity
(D)
Select one:
O A. B
о В. D
О С. А
O D. C

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