why is the marginal revenue found by doubling the slope of the price?
in the video, prof said that this short-cut can be used on all cases as long as the it's a linear demand curve. why is that?
the original question was:
p=100-2Q
fc=100 mc=20
and you get
mr=100-4Q
thank you ! and sorry for my bad english if you do nit understand my question well, i don't speak english
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Nyna Tseng
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anisa putri commented
Typically, the marginal revenue curve slopes downward. This downward slope indicates that as the quantity sold increases, marginal revenue decreases. This phenomenon occurs because, in many markets, firms must lower prices to sell more units.https://vipmeja.me/