You are the manager of a monopoly firm with (inverse) demand given by P = 50 ? 0.5Q. Your firm's cost function is C = 40 + 5Q2. Your firm's marginal revenue is:
A. P = 50 ? 0.5Q.
B. P = 50 ? Q.
C. P = 100 ? Q.
D. There is insufficient information to determine the firm's marginal revenue.
Answer: B
Economics
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