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Math Help - Marginal Revenue

  1. #1
    Junior Member
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    California
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    Marginal 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!
    Attached Thumbnails Attached Thumbnails Marginal Revenue-untitled.jpg  
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  2. #2
    Junior Member
    Joined
    Sep 2008
    Posts
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    this is the marginal revenue function, the derivative of the total revenue function MR(q)=810\, \left( 314896+3\,q \right) ^{- 0.5}- 1215\,q \left( 314896+3\,<br />
q \right) ^{- 1.5}

    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.
    Last edited by Hweengee; October 17th 2008 at 06:26 AM.
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