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April 20, 2014

Homework Help: Economics

Posted by Howard on Thursday, December 13, 2012 at 12:58pm.

Given the following information calculate the Marginal Revenues. I am getting lost on the order because I know the formula is change in TR/change in Q.

Q Price TR
60 26,000 (60x26K) = 1,560,000
70 22,000 (1,540,000)
80 18,000 (1,440,000)
90 14,000 (1,260,000)
100 10,000 (1,000,000)

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