The demand function equation faced by PTCL for its computers is given by: P = 50,000 – 4Q i. Write the marginal revenue equation ii. At what price and quantity marginal revenue will be zero? iii. At what price and quantity will total revenue be maximized?

The demand function equation faced by PTCL for its computers is given by: P = 50,000 – 4Q i. Write the marginal revenue equation ii. At what price and quantity marginal revenue will be zero? iii. At what price and quantity will total revenue be maximized?

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Perfect Competition

Section: Chapter Questions

Problem 2WNG

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Question

The demand function equation faced by PTCL for its computers is given by:
P = 50,000 – 4Q
i. Write the marginal revenue equation
ii. At what price and quantity marginal revenue will be zero?
iii. At what price and quantity will total revenue be maximized?

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