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

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

Quizplus · Accepted Answer

The marginal revenue (MR) for a monopolist is derived from the total revenue (TR), which is P*Q. Given the demand curve P = 10 - 2Q, the total revenue TR = P*Q = (10 - 2Q)Q = 10Q - 2Q^2. The marginal revenue (MR) is the derivative of TR with respect to Q, which gives MR = d(TR)/dQ = 10 - 4Q.

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