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Author Question: Consider a monopolist facing a linear (inverse) demand curve given by: p = a - bQ Show with ... (Read 16 times)

imanialler

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on: Jul 1, 2018
Consider a monopolist facing a linear (inverse) demand curve given by:
 
  p = a - bQ
  Show with calculus that the marginal revenue in fact has the same price-axis intercept but twice the slope as the inverse demand curve above.

Question 2

A an example of a game in which a leader moves first, and then the other rivals follow is a ________ game.
 
  A) Stackelberg model
  B) Cournot model
  C) finite move
  D) tit-for-tat


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Brummell1998

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Reply #1 on: Jul 1, 2018
Answer to Question 1

Total Revenue = (a - bQ)Q. MR = dTR/dQ = a - 2bQ.

Answer to Question 2

A


imanialler

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

jamesnevil303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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