Demand and Marginal Revenue Suppose the demand for a product is given by Qd = 90 - (1/3)P. What is the equation for Marginal Revenue?
Added by Edward C.
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The formula for marginal revenue (MR) is the change in total revenue (TR) resulting from a one-unit increase in quantity sold (Q), or MR = ΔTR/ΔQ. Show more…
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