Question

If the rquation of the demand curbe in monopoly market is given by 10p=50-20q,what will the slope of mr curve?

Answer 1

Answer:

Explanation:

I will be a downward slope.

Thanks.

Answer 2

Answer:

The slope of the MR curve is -5

Explanation:

Given:

There is a monopoly in the market

Equation is 10p=50-20q

To Find:

The slope of the MR curve.

Solution:

As there is a monopoly present in the economy

p = q (i.e. Price = Quantity)

The price is equal to quantity as in a monopoly there is no presence of competition.

Thus, Whatever price is present in the market the customer must buy the product at that price value.

Therefore, regardless of price, there is equal to quantity.

• 10p = 50 + 20q
• As p = q
• 10p = 50 + 20p
• -10p = 50
• p = -5

The slope of the MR curve is -5

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