The demand curve for a monopolist is 2p = 100 - q. Find revenue and marginal revenue. At what value of q will the marginal revenue is zero? Also find the price when marginal revenue is zero?
The demand curve for a monopolist is 2p = 100 - q. Find revenue and marginal revenue. At what value of q will the marginal revenue is zero? Also find the price when marginal revenue is zero?
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter14: Indirect Price Discrimination
Section: Chapter Questions
Problem 4MC
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The demand curve for a monopolist is 2p = 100 - q. Find revenue and marginal revenue. At what value of q will the marginal revenue is zero? Also find the price when marginal revenue is zero?
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