Identify the marginal revenue functions
Identify the marginal revenue functions associated with each demand function. Suppose you will require finding a TR curve first, and then taking the first derivative to find MR.
a. P = -4Q2 + 875
b. P= -2.5Q + 145
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Identify the marginal revenue function, MR. Recall that MR function is the first derivative of TR function.Using the quadratic formula solve for the Q in the given total revenue function.
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