If the inverse demand function is p = 300 3Q, what is the marginal revenue function?

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If the inverse demand function is p = 300 – 3Q, what is the marginal revenue function? Draw the demand and marginal revenue curves. At what quantities do the demand and marginal revenue lines hit the quantity axis?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Nov 13, 2014 03:34 AM

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If the inverse demand function is p = 300 3Q, what is the marginal revenue function?

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When the inverse demand curve is linear marginal revenue has the same intercept and twice the s...View the full answer

Managerial Economics and Strategy

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