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Total Revenue from the sale of X is given by the equation R =60Q-Q^2. Calculate the value of marginal revenue when the point price elasticity of demand when marginal revenue is -2.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 10SQP

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Total Revenue from the sale of X is given by the equation R =60Q-Q^2. Calculate the value of marginal revenue when the point price elasticity of demand when marginal revenue is -2.

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