Suppose the marginal revenue mr function of a monopolist is, Ask an Expert

Economics

Suppose the marginal revenue (MR) function of a monopolist is 5000-0.25Q, what is the profit maximizing price and quantity? Show or identify the demand, marginal revenue and total revenue curves. State the maximum amount of total revenue—in US dollars—that can be derived.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91674750

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