Question

a producer sells 4 units of good at rs10 per unit and 5units at rs8 per unit . what is marginal revenue​

Answer 1

Explanation:

Given:

Q0=80 units

P0=Rs.10

Es=4

P1=Rs.9

Q1=?

ΔP=P1−P0

ΔP=9−10=−1

ΔQ=Q1−Q0

ΔQ=Q1−80

We know, Es=ΔPΔQ×Q0P0

4=−1Q1−80×8010

4=−8Q1−80

−32=Q1−80

Q1=48 units

Thus, producer will supply 48 units of good at Rs.9 per unit.

Answer 2

Answer:

This is an web answer .

Explanation:

please check