If demand is estimated to be $Q _ { d }$ = 240 - 6P, the marginal revenue function is

Question

Quizplus · Accepted Answer

The marginal revenue function is the derivative of the total revenue function. The total revenue function is equal to price times quantity, or $TR = P \times Q$. Substituting the demand function into the total revenue function, we get:$TR = P \times (240 - 6P)$$TR = 240P - 6P^2$The marginal revenue function is the derivative of the total revenue function with respect to quantity:$MR = \frac{dTR}{dQ} = 240 - 12P$

If Demand Is Estimated to Be QdQ _ { d }Qd​

If Demand Is Estimated to Be $Q _ { d }$