The demand curve and marginal revenue curve for widgets are given as follows Q= 250-5p MR= 50- 0.4Q MC = 0.06Q What level of output maximizes revenue ?
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The demand curve and marginal revenue curve for widgets are given as follows
Q= 250-5p
MR= 50- 0.4Q
MC = 0.06Q
What level of output maximizes revenue ?
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