Thursday

July 24, 2014

July 24, 2014

Posted by **alejandro guzman** on Tuesday, March 12, 2013 at 9:37pm.

c- Using calculus, find the level of output, Qrmax, where total revenue reaches its maximum value. What price Prmx maximizes total revenue? What is the value of TR at this maximum point.

d- Write the equation for marginal revenue. Using MR, verify that Qrmax derived in part c maximizes total revenue.

e- Calculate the point elasticity of demand at Prmax. Does E have the expected value? Explain briefly.

**Related Questions**

managerial economics - firms demand function,p=24-0.54q and the average cost ...

managerial economics - Given a firm’s demand function, P = 24 - 0.5Q and the ...

Calculus - using the demand function p = 41 − 0.04 q instead of the one ...

Calculus - using the demand function p = 41 − 0.04 q instead of the one ...

Economics - A firm is currently producing in the elastic portion of its demand ...

calculus - (1 pt) A new software company wants to start selling DVDs with their ...

calculus - (1 pt) A new software company wants to start selling DVDs with their ...

Managerial Economics/Math - This is an MBA-level Managerial Economics course. I ...

math - A new software company wants to start selling DVDs with their product. ...

math - A new software company wants to start selling DVDs with their product. ...