NO.PZ2022071403000039
问题如下:
Question
A power generation company is a monopoly that has very high barriers to entry. The quantity demand (QD) for its product is QD = 800 – 0.25 × P (where P is price). The slope of the marginal revenue curve is closest to:
选项:
A.–0.25. B.–8.00. C.–4.00.解释:
SolutionB is correct. Solve for P from the quantity demanded:
Q = 800 – 0.25P
P = 3,200 – 4Q
TR = P × Q = 3,200Q – 4Q2
MR = ΔTR/ΔQ = 3,200 – 8Q
Therefore, the slope of the curve is –8.
A is incorrect because it is the slope of the quantity demanded.
C is incorrect because it is the slope of the demand curve (–1/0.25) when P is a function of Q.