CONSUMER LOSSES IN MEXICO
QUESTION In this case we can find the value of P and Q by the concept MC=MR Given: P=100-2Q Therefore PQ=100Q-2Q2 Therefore TR=100Q-2Q2 (TR is the total revenue) MR=100-4Q———————I (differentiating …
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QUESTION In this case we can find the value of P and Q by the concept MC=MR Given: P=100-2Q Therefore PQ=100Q-2Q2 Therefore TR=100Q-2Q2 (TR is the total revenue) MR=100-4Q———————I (differentiating …
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