Answer to Question #73972 in Microeconomics for Zulfiqar Ali

Question

Given the following function that relates total revenue (TR) to output (Q),

TR = 20Q - 2Q^2
determine
a. The marginal and average cost functions.
b. The Marginal revenue function
C. The rate of output for which marginal revenue is zero.
d. if there is any connection between your answer to parts (a) and (c)? Explain

Answer 1

A.it is impossible to find cost functions based on revenue function
B.MR=20-4Q
C.Q=5
D.-