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(Solved): Suppose a monopoly firm has a demand function as follows: \( Q_{D}=400-2 P \) Show using an exampl ...



Suppose a monopoly firm has a demand function as follows: \( Q_{D}=400-2 P \)
Show using an example that the marginal revenue

Suppose a monopoly firm has a demand function as follows: \( Q_{D}=400-2 P \) Show using an example that the marginal revenue is negative when demand is inelastic OR that the marginal revenue is positive when demand is elastic. (Pick any number for price between 1 and 199 and show this.)


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Q=400-2P P=(400-Q)/2 ?Q/?P=-2 TR=P×Q TR=(400Q-Q^2)/2 MR=?TR/?Q
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