Assume that MR=aQ+b, and Critical value for Total Revenue function is on Q=15, and when Q=3,...

 

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Assume that MR=aQ+b, and Critical value for Total Revenue function is on Q=15, and when Q=3, MR (3) = 120 Please find change in Total Revenue when quantity increase by 2 units when Q=10 Assume that MR=aQ+b, and Critical value for Total Revenue function is on Q=15, and when Q=3, MR (3) = 120 Please find change in Total Revenue when quantity increase by 2 units when Q=10

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Step 1 Given MR aQb Also TR MR x dQaQ bx dQ TR 2 bQ Q15 Given Put ... View the full answer