What is the firms marginal revenue function

Reference no: EM13692556

Assume the key boarders (date entry clerks) are lower in India than the U.S. does this mean that key bordering jobs in the United States will be lost to India? Explain.

81. A firm faces the following demand function:

Q = 12 - P for 0

20-2P for 8

0 for P>10

What is the firm's Marginal Revenue function? Graph this function

Reference no: EM13692556

Questions Cloud

A firms technology for producing its output from labor : A firm's technology for producing its output from labor (L) and capital (K) is Q =(?4LK + K^2) where |MRTSLK| =2K / 2L+K. The wage rate is $2 per unit of labor and the cost of capital is $5 per unit of capital. The firm is initially producing 30 unit..

Briefly explain how it differs from microeconomics : First present a brief definition of macroeconomics and also briefly explain how it differs from microeconomics. Next, define the concept of an economic model and also differentiate between an exogenous variable as opposed to an endogenous variable in..

The cause-effect chain of monetary policy : First define the concept of monetary policy and explain which schedule in the IS-LM model would be directly affected by the use of monetary policy. Next, define the concept of the transmission mechanism (or the cause-effect chain of monetary policy),..

Libertarian preference for private charity public assistance : How would a libertarian like notice view poverty in then nitride states? How plausible do you find the libertarians’ preference for private charity over public assistance?

What is the firms marginal revenue function : Assume the key boarders (date entry clerks) are lower in India than the U.S. does this mean that key bordering jobs in the United States will be lost to India? Explain.

Changes on wages and employment in a occupation : Analyze the impact of the following changes on wages and employment in a given occupation:

What are total revenues for the break-even quantity : What is the break-even quantity? What are total revenues for the break-even quantity? What are total costs for the break-even quantity?

Which vendors plan is preferred : Three office furniture firms that offer different payment plans have responded to a request for bids from a state agency. which vendor's plan is preferred?

Retailers can be eliminated from the distribution channel : Some argue that retailers can be eliminated from the distribution channel because they only add costs to the final product without creating any value-added services in the process. Do you agree with this perspective?

User Account

All Pages