What is the maximum revenue based on this price and quantity? Column 1 Column 2 Column 3 Column 4 Quantity Price Marginal Revenue Change in R/Change in Q Revenue (Q×P) 0 25 0 0 2.5 20 20 50 5 15 10 75 7.5 10 0 75 10 5 -10 50 12.5 0 -20 0

What is the maximum revenue based on this price and quantity? Column 1 Column 2 Column 3 Column 4 Quantity Price Marginal Revenue Change in R/Change in Q Revenue (Q×P) 0 25 0 0 2.5 20 20 50 5 15 10 75 7.5 10 0 75 10 5 -10 50 12.5 0 -20 0

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter6: Simple Pricing

Section: Chapter Questions

Problem 6.1IP

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Question

What is the maximum revenue based on this price and quantity?

Column 1	Column 2	Column 3	Column 4
Quantity	Price	Marginal Revenue Change in R/Change in Q	Revenue (Q×P)
0	25	0	0
2.5	20	20	50
5	15	10	75
7.5	10	0	75
10	5	-10	50
12.5	0	-20	0

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