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Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q.

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a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 ? 0.048Q.;Also assume that the price (P) that found in Assignment 1 was = $3.66 (or 366 cents)..

 

Paper#18235 | Written in 18-Jul-2015

Price : $22
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