Question: If the demand function is P =30 - 3Q find the marginal revenue in terms of Q. The marginal revenue is (Simplify your answer. Type

If the demand function is P =30 - 3Q find the

If the demand function is P =30 - 3Q find the marginal revenue in terms of Q. The marginal revenue is (Simplify your answer. Type an expression using Q as the variable.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

If the demand function is P =50 - 3Q find the marginal revenue in terms of Q. . . . The marginal revenue is (Simplify your answer. Type an expression using Q as the variable.)

4. [-I2 Points] DETAILS HARMATHAP12 2.1.015.Ml. Solve the equation by using the quadratic formula. (Enter your answers as a comma-separated list. If there is no real solution, enter NO REAL...

Microeconomics,, B. New machines, new buildings and other capital goods that add to the existing stocks of capital. C. Both D. None of the above. 2. Net investment is equal to- A. Gross investment...

Hello. Please help me solve these. Thank 1) A company manufactures and sells a: widgets per week. The weekly price-demand function is: p(m) = 23 2:. :1. Find the marginal revenue mction. R'(m) = :]...

Part 2. US/Canada Free Trade, Heterogeneous Firms (Challenge) Let's stick with the same example, except now there are two types of firms. One type has marginal cost equal to 1 and one type has...

Inverse demand in the polluting sector is p = 20 -3q, private average = marginal cost is C = 2 in that sector, and environmental damage per unit of output is 6. In Scenario A the government is able...

Answer appropriately. Final Exam (A) You have 2h to complete the exam and the final consists of 6 questions (15+10+25+15+20+15=100). Problem 1. (Consumer Choice) Jeremy's favorite flowers are tulips...

1. Suppose a firm in a perfectly competitive market has total costs equal to5Q 2 + 9Q +19.If this firm is earning zero economic profits, and is producing 48units of the good,what must the market...

1) A company manufactures and sells a widgets per week. The weekly price-demand function is: p(z) = 16 - x. a. Find the marginal revenue function. R' (x ) = Preview b. Use marginal revenue to...

Please help me solve these A company manufactures and sells a widgets per week. The weekly price-demand function is: p(z) = 16 - x. a. Find the marginal revenue function. R' (x ) = Preview b. Use...

A heating element is made by maintaining a potential difference of 75 .0 V across the length of a Ni chrome wire that has a 2.60 x 10-6 m2 cross section. Ni chrome has a resistivity of 5.00 x 10-7 ...

The method of internal normalization was chosen to determine the mass of a sample comprising a mixture of four esters of butanoic acids. To this end, a reference solution containing known % mass of...

Debt capital is less risky than equity capital because a firm is legally obligated to pay interest to bondholders but they are not legally obligated to pay dividends to preferred or common...

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that aremissing. 2013 2014 2015 $307,500 $217,500 8,250 Sales Sales returns Net sales...

Simonsen Village is a relatively new community. At the start of the year, the government had no long-term assets or liabilities. In fact, all of the infrastructure (e. g., roads) in the village are...

Redstone Clayworks, Inc., a small firm located in Sedona, manufactures clay fire pits that homeowners place on their patios for decoration and light-duty heating. Red-stone is one of 53 firms...

Tom and Lynda own Hercules Health Club. For August, Tom and Lynda budgeted for 700 individual memberships and 350 family memberships. Individual members pay $100 per month and families pay $150 per...

SpringFresh provides commercial laundry and linen services to local hospitals, hotels, and restaurants. SpringFresh charges its customers $1.50 per pound laundered, regardless of the items to-be...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

(Plant vs. department.i! OH rates! Sutton Industries has two departments, Fabrication and Finishing. Three workers oversee the 25 machines in Fabri cation. Finishing uses 35 crafters to hand polish...

Predetermined Oil rales: flexible luulg >a

(Under/Overapplied OH; OH disposition) Keller Co. budgeted the following variable and fixed overhead costs for 2007: The company has decided to allocate overhead to production using machine hours....