Use total revenue to calculate marginal revenue for a monopolist Question Calculate marginal revenue for Q...

Question

Question

Use total revenue to calculate marginal revenue for a monopolist Question Calculate marginal revenue for Q = 7. Quantity (Q)

business economics

Answer 1

Answer #1

Ans.

Working Note:

Marginal Revenue ( MR ) = Change in Total Revenue (TR)/Change in Quantity ( Q)

When Q = 7, The marginal revenue (MR) is ( - $100 ).

Answer 2

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