Derive your marginal revenue curve

Reference no: EM13255416

You own and operate a fruit stand. Your demand curve is given by P = .5 - .002Q, where P is in dollars and Q is in pounds of fruit. Your marginal cost curve is MC = .006Q. Your fixed costs equal $10.

a. Derive your marginal revenue curve.
b. Calculate the profit maximizing price and quantity.
c. Calculate your profit.
d. Calculate consumer surplus at the profit maximizing P and Q.

Reference no: EM13255416

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