Answer to Question #70367 in Microeconomics for Ryan

Question #70367
Suppose a firm's demand curve is P = 100 - Q. Find MR when Q = 10.
1
Expert's answer
2017-10-02T11:50:07-0400
If P = 100 - Q, Q=10, then P = 90, that`s why MR=MC=P=90.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS