Question: Question: The demand equation for Fusion Pro-Shield Razor is given below : Q = 151.79 - 9.52P Using the above-estimated demand function for Fusion Pro-Shield

Question:

The demand equation for Fusion Pro-Shield Razor is given below :

  • Q = 151.79 - 9.52P

Using the above-estimated demand function for Fusion Pro-Shield Razor, derive marginal revenue at the initial price of $10.83.

Note: Please calculate marginal revenue(MR) from total revenue (TR) using MR=dTRdQ which is Derivation of TR with respect to Q

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