A monopolists demand function is given by P + Q = 100 Write down expressions for TR

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A monopolist’s demand function is given by
P + Q = 100
Write down expressions for TR and MR in terms of Q and sketch their graphs. Find the value of Q which gives a marginal revenue of zero and comment on the significance of this value.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 09:23 AM

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A monopolists demand function is given by P + Q = 100 Write down expressions for TR

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TR PQ 100QQ1000Q dTR dQ Graphs of TR and MR ar...View the full answer

Mathematics for Economics and Business

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