The manager of a monopoly firm obtained the following estimate of the demand for its product.
where M and
are, respectively, consumer income and the price of a related good. The forecasted values for M and
are M = $30,000 and
= $5.
-What is the marginal revenue function?
The estimated average variable cost function is

Question

The manager of a monopoly firm obtained the following estimate of the demand for its product.
  where M and
  are, respectively, consumer income and the price of a related good. The forecasted values for M and
  are M = $30,000 and
  = $5.
-What is the marginal revenue function?
The estimated average variable cost function is

Quizplus · Accepted Answer

The Answer of The manager of a monopoly firm obtained the following estimate of the demand for its product.
  where M and
  are, respectively, consumer income and the price of a related good. The forecasted values for M and
  are M = $30,000 and
  = $5.
-What is the marginal revenue function?
The estimated average variable cost function is

The Manager of a Monopoly Firm Obtained the Following Estimate