A monopolist's demand curve is P = 10 - 2 Q. So its MR is
A) 5 - 2 Q
B) 10 - Q
C) 10 - 4 Q
D) 5 - Q

Name: A monopolist's demand curve is P = 10 - 2 Q. So its MR is A) 5 - 2 Q B) 10 - Q C) 10 - 4 Q D) 5 - Q
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Question

Quizplus · Accepted Answer

The marginal revenue (MR) for a monopolist is derived from the demand curve. For a linear demand curve P = a - bQ, the MR is given by MR = a - 2bQ. Here, a = 10 and b = 2, so MR = 10 - 4Q.

A Monopolist's Demand Curve Is P = 10 - 2