Derive a function for mr and find the output

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Reference no: EM131482250

Question: 1. Differentiate the function y = 25 - 0.1x-2 + 2x0.3.

2. Make up your own function with at least three different terms in x and then differentiate it.

3. Given the demand schedule p = 120 - 3q derive a function for MR and find the output at which TR is a maximum.

4. For the demand schedule p = 40 - 0.5q find the value of MR when q = 15.

Reference no: EM131482250

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