Question: When to use P = MR and MR = a-2bQ ? I am new to microeconomics and did different questions, but the answers give explanation
When to use P = MR and MR = a-2bQ ?
I am new to microeconomics and did different questions, but the answers give explanation with different kind of formula. I am confused on how to choose the right formula to use when encounter different questions.
Please help explain in easy words. An example could be very helpful.
Thank you so much.
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