If a Monopolist's marginal revenue curve is MR = 50 - 5q. Find out the total revenue curve :
Total revenue (TR) is obtained by integrating marginal revenue (MR) with respect to quantity \(q\). Integrating \(\text{MR} = 50 - 5q\) yields \(\text{TR} = \int (50 -…
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If a Monopolist's marginal revenue curve is MR = 50 - 5q. Find out the total revenue curve :
Answer and explanation
Correct answer A
Total revenue (TR) is obtained by integrating marginal revenue (MR) with respect to quantity . Integrating yields , which corresponds to "50q - (5/2)q^2 + c".
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Rajasthan SET (RSET)