Suppose the demand curve for a firm is Q=50 - 0.125P, where Q measures units of output

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Suppose the demand curve for a firm is Q=50 - 0.125P, where Q measures units of output and P is the price per unit. Complete the following:

a.Derive the firm's marginal revenue curve.

b. What is the value of marginal revenue at 10 units of output?

c. Graph the firm's demand and marginal revenue curve.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 01, 2024 09:41 PM

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Suppose the demand curve for a firm is Q=50 - 0.125P, where Q measures units of output

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a To derive the firms marginal revenue curve we need to find the derivative of the total revenue fun... View the full answer

Microeconomics An Intuitive Approach with Calculus

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