1.

The TR curve of a monopoly firm is given by the equation TR=−q2+12q−20, where TR is in millions of dollars At what level of output is the revenue maximized?

Answer»

The TR curve of a monopoly firm is given by the equation
TR=q2+12q20, where TR is in millions of dollars

At what level of output is the revenue maximized?




Discussion

No Comment Found

Related InterviewSolutions