- Find the marginal revenue function for the total revenue function given by1TR(Q) = 500QQ3- -3Find the marginal cost function for the total cost function given byTC(Q) = Q3 – 90Q² + 7,500Q

a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

Answered: Find the marginal revenue function for…

Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the marginal cost function for the total cost function given by TC(Q) = Q³ – 90Q² + 7,500Q

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter7: Production Economics

Section: Chapter Questions

Problem 6E

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- Find the marginal revenue function for the total revenue function given by
1
TR(Q) = 500Q
Q3
- -
3
Find the marginal cost function for the total cost function given by
TC(Q) = Q3 – 90Q² + 7,500Q

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