46.5k views
3 votes
7. If the marginal revenue function is given by MR = 50 - 6Q?. find the corresponding demand function. A. 500 - 303 B. 50-202 C. 50-129 D. 50+ 3Q

User Abhijeetps
by
9.2k points

1 Answer

5 votes
7. B) 50-202

To calculate the corresponding demand function:

1. First, identify where the price variable in the marginal revenue function is (in this case, Q).
2. Then, rearrange the marginal revenue function as MR=50 - 6Q
3. To find the corresponding demand function, we need to isolate Q and write the demand function in the form:
$$Q = function of MR$$
4. After some calculations, we can arrive at $$Q = \frac{MR}{6} + \frac{50}{6}$$
User Karim Harazin
by
8.4k points