Solved: Total revenue and marginal revenue, Microeconomics

+44 141 628 6080
[email protected]

Total revenue and marginal revenue

Question: Demand curve product X is given as Q= 2000 - 20P.

A. how many units will be sold at price $ 10

B. at what price would 2000 units be sold? o units? 1500?.

C. write equations for total revenue and marginal revenue (interm of Q).

D. what will be the total revenue at price of $ 70? what will be marginal revenue?

E. what is the point elasticity at price odf $ 70?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Total revenue and marginal revenue

Reference No:- TGS02089828

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What are the calculated rbc indices

A patient has a RBC count of 4.7 X 1012/L, hemoglobin of 110 g/L (11.0 g/dL), and hematocrit of 35.0%. What are the calculated RBC indices

Male who is developing an acute myocardial infarction

A 53-year-old male who is developing an acute myocardial infarction from coronary occlusion has an irreversible injury to the myocardium when

Discuss -healthcare staff and patients in a hospital setting

The impact of mechanical devices for lifting and transferring of patients on low back pain and musculoskeletal injuries in health care personnel-A systematic

Discussion about female who had a cerebral infarction

A 59-year-old female had a cerebral infarction. Months later, a computed tomographic (CT) scan shows a cystic area filled with clear yellow fluid

Provide a brief description of the patient care technology

Introduction: Provide a brief description of the patient care technology/system you have chosen.

How soap note captures several important elements of ty case

Problem: The SOAP note captures several important elements of Ty's case but also leaves room for improvement.

Problem about post-emergency open fracture femur reduction

A 14-year-old, 18 hours post-emergency open fracture femur reduction is observed crying as the bedside shift report is being conducted

Solution Preview :

Prepared by a verified Expert

Microeconomics: Total revenue and marginal revenue

Reference No:- TGS02089828

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is corporate social responsibility

Q : What will be the monthly sales for given cross elasticity

Q : Analyze the factors apply to walmart sustainability index

Q : Define the process for identifying necessary changes

Q : Total revenue and marginal revenue

Q : How organization was breached and customer data was stolen

Q : Income elasticity of demand-cross elasticity of demand

Q : Estimating the fourth quarter sales volume

Q : Prepare a partial balance sheet showing the loan liability