Hi!

I've been stuck on this question for the last hour... I just can't seem to figure it out.

The problem consists of 3 parts: A, B, C.

I've managed to figure out part A, but not B and C.

Please see the attached image!

Thank you for looking!

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- Oct 16th 2008, 11:31 PMgearshifterMarginal Revenue
Hi!

I've been stuck on this question for the last hour... I just can't seem to figure it out.

The problem consists of 3 parts: A, B, C.

I've managed to figure out part A, but not B and C.

Please see the attached image!

Thank you for looking! - Oct 17th 2008, 07:14 AMHweengee
this is the marginal revenue function, the derivative of the total revenue function

you need to sub in the value of 10 for m in the first function to get a value of q which you sub into the MR function.

for (c), redefine the total revenue function in terms of m and differentiate it w.r.t m to get the MRP function. the answer should follow after that.

hope that helps.