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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1131748
Introduction to Economics 1 Deneme Sınavı Sorusu #1131748
We are given a monopolist's demand schedule where: When P=9, Q=1. When the price decreases to P=8, Q becomes Q=2. P and Q represent price and quantity demanded respectively. What is the value of marginal revenue (MR) when Q=2?
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7 |
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8 |
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9 |
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5 |
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0 |
Yanıt Açıklaması:
Marginal revenue is calculated as MR = ΔTR / ΔQ. TR = P*Q. In the first case, TR=9*1=9. After the price increase, TR=8*2=16. ΔTR=16-9=7. ΔQ=2-1=1. So, MR=7/1=7.
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