Re: jnu question

Posted by Ankur on May 17, 2012; 5:41am
URL: http://discussion-forum.276.s1.nabble.com/jnu-question-tp2791514p7563213.html

@Prakriti

In a monopoly MR=MC
Market 1  
             1) Q1=10/P1
                MC=20
                MR=(dP/dQ) + P
               P1=10/Q1 from 1
               dP1/dQ1=-10/Q1^2

             MR=(-10/Q1^2)Q1 + (10/Q1)=0
              Hence no solution

Similarly for market 2 Q2=1000-P2
MR=1000-2Q2
MC=20
MR=MC
Q2=490,P=510