(Figure: Marginal Revenue Curve I) What is the equation for this firm's marginal revenue curve? Price ($) 20 18 16 14 12 10 8. 2 D 2 4 6 8 10 12 14 16 18 20 Quantity MR = 18 – 1.5Q MR = 18 – 3Q MR = 12 – 0.5Q O MR

(Figure: Marginal Revenue Curve I) What is the equation for this firm's marginal revenue curve? Price ($) 20 18 16 14 12 10 8. 2 D 2 4 6 8 10 12 14 16 18 20 Quantity MR = 18 – 1.5Q MR = 18 – 3Q MR = 12 – 0.5Q O MR

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

(Figure: Marginal Revenue Curve I) What is the equation for this firm's marginal revenue curve?
Price ($)
20
18
16
14
12
10
8.
4
2
D
2 4
8 10 12 14 16 18 20 Quantity
O MR = 18 – 1.5Q
MR
18 – 3Q
MR = 12 – 0.5Q
MR = 6

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