A monopolist faces the inverse demand curve p = 64 - 2q. At what lev.pdf
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A normal distribution has unknown values of mu and sigma . What is t.pdf
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A monopolist faces the inverse demand curve p = 64 - 2q. At what lev.pdf
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A monopolist faces the inverse demand curve p = 64 - 2q. At what level of output is his total revenue maximized? The answer is 16,a hint given with the problem is max total revenue where mr=0. Please show work. Solution Hi, Demand curve = 64-2Q Revenue = 64Q-2Q^2 differentiating w.r.t Q MR = 64-4Q Revenue is maimum at MR = 0 => 64-4Q = 0 => Q = 16 Hence, the revenue is maximized at 16 units.
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A monopolist faces the inverse demand curve p = 64 - 2q. At what lev.pdf
- A monopolist faces the inverse demand curve p = 64 - 2q. At what level of output is his total revenue maximized? The answer is 16,a hint given with the problem is max total revenue where mr=0. Please show work. Solution Hi, Demand curve = 64-2Q Revenue = 64Q-2Q^2 differentiating w.r.t Q MR = 64-4Q Revenue is maimum at MR = 0 => 64-4Q = 0 => Q = 16 Hence, the revenue is maximized at 16 units