Re: DSE 2012- Question 16,29 and 30.

Posted by Erika on May 29, 2013; 6:16pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2012-Question-16-29-and-30-tp7580148p7581485.html

I have a slight doubt @sumit.

Dont we multiply q to the inverse demand function to make it total revence (price x qty=TR) and then differentiate it to get MR. Next step would be to equate it to MC and find the q. while you have directly equated the MC to inverse function.

 your ans is absolutely right and I am getting wrong ans by the method i just pointed out. But is there a mistake in that approach??