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Math Help - Are you smart enough to solve this?

  1. #1
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    Are you smart enough to solve this?

    How can we go from the given function (6000-9Q)/50 to end up with (120-18Q)/50?

    Please write full answer, also if there are any rules used etc I would appreciate an explanation.

    Thanks in advance!
    Last edited by oyvlie; September 8th 2012 at 12:30 AM.
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  2. #2
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    Re: Are you smart enough to solve this?

    Quote Originally Posted by oyvlie View Post
    How can we go from the given function (6000-9Q)/50 to end up with (120-18Q)/50?

    Please write full answer, also if there are any rules used etc I would appreciate an explanation.

    Thanks in advance!
    You can't, unless there's some other stuff in your problem that needs to be done first. Why not post the entire problem and what you've done?
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  3. #3
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    Re: Are you smart enough to solve this?

    a. show that the monopolist's revenue function is MR(Q)=120-18Q/50

    we are given the following information:

    Market structure: monopoly
    MC(Q)= 10+Q/25
    Q (market demand) = (6000-50P) / 9
    TC(Q)= 100+q^2+10q
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  4. #4
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    Re: Are you smart enough to solve this?

    Quote Originally Posted by oyvlie View Post
    a. show that the monopolist's revenue function is MR(Q)=120-18Q/50
    Brackets required? Why not show as: MR(Q) = (60 - 9Q) / 25
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  5. #5
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    Re: Are you smart enough to solve this?

    This is NOT a matter of mathematics. We can't go from "MC(Q)"" to "MR(Q)" without knowing relationship between MC and the other quantities you give and MR. In other words, the formulas to be used are from economics, not mathematics.
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