Answer to Question #141610 in Finance for ANKIT

Question #141610
Given the total revenue function TR = 50Q - 0.5 Q2

and the total cost function TC = 2000 + 200Q - 0.2Q2 + 0.001Q3

Find the marginal revenue and the marginal cost functions
1
Expert's answer
2020-11-03T11:20:27-0500

To obtain the Marginal revenue function, differentiate the Total revenue function w.r.t Q


To obtain the Marginal Cost function, differentiate the Total Cost function w.r.t Q




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