Question
For a monopoly firm, MR = 50 -5q. At what output level is the TR maximum?
Answer: Option B
:
B
TR is maximum at the output level where the MR is zero.
50−5q=05q=50q=10
TR is maximized at an output level of 10.
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:
B
TR is maximum at the output level where the MR is zero.
50−5q=05q=50q=10
TR is maximized at an output level of 10.
Was this answer helpful ?
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