Which of the following equations accurately describes the marginal revenue of a monopolist?
A)MR(y)= (p/y)(1/slope)
B)MR(y)= py - (1/slope)
C)MR(y)= p - y(slope)
D)MR(y)= d(AR)/dy

Name: Which of the following equations accurately describes the marginal revenue of a monopolist? A)MR(y)= (p/y)(1/slope) B)MR(y)= py - (1/slope) C)MR(y)= p - y(slope) D)MR(y)= d(AR)/dy
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The marginal revenue (MR) for a monopolist is calculated as the price (p) minus the quantity (y) times the slope of the demand curve.

Which of the Following Equations Accurately Describes the Marginal Revenue