Suppose a Firm Faces the Demand Curve Q = 4P^-2

question 8

Multiple Choice

Suppose a firm faces the demand curve Q = 4P^-2. The marginal revenue for the firm is MR(Q) = ____.

• A) Q^-0.5
• B) Q^0.5
• C) 2Q^-0.5
• D) 2Q^0.5

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Definitions:

Donee Beneficiary

A third party who benefits from a contract made between two other parties, particularly when the contract's purpose is to give a gift to the third party.

Cause of Action

A collection of sufficient facts that validates the entitlement to initiate legal action for the purpose of acquiring money, property, or enforcing a right against someone else.

Breaching Party

the party in a contract who fails to fulfill their contractual obligations, thereby violating the agreement.

Promisee

The individual or entity to which a promise or agreement is made.