If MC = Q/15 represents marginal cost for a monopolist and market demand is given by Qd = 500 - 10P, the equation for marginal revenue is:
A) MR = 50Q - (1/5) Q2.
B) MR = 50Q - (1/10) Q2.
C) MR = 50 - (1/5) Q.
D) MR = 50 - (1/10) Q.
Correct Answer:
Verified
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