Find the marginal revenue, Microeconomics

Assignment Help:

(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
(ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of demand when P = 10.
(iii) If supply is related to the price the function P = 0.25Q + 10, find the price elasticity of supply when P = 20.
(iv) Given the demand function aQ + bP - k = 0, where a, b and k are positive constants, show that price elasticity of demand is minus one when MR = 0.
(v) when the demand is P = 20/(4 +Q), calculate the price elasticity of demand when P = 4.


Related Discussions:- Find the marginal revenue

EM13106443, May I get a quote on order number EM13106443. Thanks

May I get a quote on order number EM13106443. Thanks

Policy implications - structure of national income , Policy Implications: ...

Policy Implications: The expansion of the services sector  has wider implications for population, employment, and trade prospects of the economy, some of which are as follows:

Causal effects and ols , The data used for this project are contained in th...

The data used for this project are contained in the EViews-files. Before you start working, copy the files on a local drive and use the copied files only. You are expected to so

The theory of demand :the utility approach, Prove that the utility approach...

Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.

Special drawing rights - imf, Special Drawing Rights: The late 1960s w...

Special Drawing Rights: The late 1960s witnessed that the growth in world resources did not keep pace with the growth in international trade. The slackness in the growth of re

Theory of monopolistic competition, The very name of this market type sugge...

The very name of this market type suggests that it is a combination of the monopoly and competitive firms. The characteristics of such a market are: 1. There exists large n

Opportunity cost, explain the relationship between scarcity,choice and opp...

explain the relationship between scarcity,choice and opportunity cost

State property regime , State Property Regime Normal 0 ...

State Property Regime Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd