Homework Answers
AR = 10-6Q we can also write this as P = 10-6Q
then total revenue is the product of price and quantity so
TR or total revenue = P*Q = 10Q-6Q^2
MR or marginal revenue is the first-order derivative of the total revenue or the TR function
MR = dTR/dQ = 10 - 12Q
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Question 3-4
SESSION 13 The marginal revenue is the rate of change in total revenue per unit increase in output, Q The marginal cost is the rate of change in total cost per unit increase in output, Q AR is defined as average revenue per unit for the first Q su ccessive units sold. AR is determined by dividing total reven ue by the quantity sold, Q The AR function is equal to price, P. where Pis given by the...
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Please help! Please show all work!
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Show work please
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