Economy, asked by ambshezg, 22 days ago

suppose the elasticity of demand equals 2. what is the MRof the firm given the AR is 200

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Answered by rakeshshimpibsnl

Answer:

Suppose that you are a monopoly faced with a demand curve given by. P. Q. 2. 100 −. = ... MR. Q. Q. PQ. TR. Q. P. P. Q. Now, calculate the elasticity at P = $30, Q = 40. 5.1. 40. 30. 2. = ... A perfectly competitive firm sets price equal to marginal cost ($2).

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