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:
Multiple Choice
P = 50 − 0.5Q.
P = 50 − Q.
There is insufficient information to determine the firm's marginal revenue.
P = 100 − Q.
"MR=\\frac{\\varDelta TR}{\\varDelta Q}=50-0.5\\times2Q=50-Q"
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