Home / Expert Answers / Economics / calculate-marginal-revenue-from-a-vector-of-prices-going-from-10-to-40-in-1-increments-use-the-s-pa509

(Solved): Calculate marginal revenue from a vector of prices going from $10 to $40 in $1 increments (use the s ...




Calculate marginal revenue from a vector of prices going from $10 to $40 in $1 increments (use the same defaults for the other variables) and answer the following:

  1. What is the lowest observed price with MR>0?
priceMR
$10-$29.82
$11-$27.82
$12-$25.82
$13-$23.82
$14-$21.82
$15-$19.82
$16-$17.82
$17-$15.82
$18-$13.82
$19-$11.82
$20-$9.82
$21-$7.82
$22-$5.82
$23-$3.82
$24-$1.82
$25$0.18
$26$2.18
$27$4.18
$28$6.18
$29$8.18
$30$10.18
$31$12.18
$32$14.18
$33$16.18
$34$18.18
$35$20.18
$36$22.18
$37$24.18
$38$26.18
$39$28.18
$40$30.18


We have an Answer from Expert

View Expert Answer

Expert Answer



We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe