Unformatted text preview: TR q qAR q . Use the rules of di¤erentiation to find the derivatives dAR / dq and dMR / dq for this commodity. Your answers may be given in terms of q or in terms of p or in terms of both p and q . Are AR and MR strictly monotonic on their doman? Explain your answers. (c) Draw a sketch of the TR q function for this commodity which shows where TR and where the maximum of TR is (where MR 0). Explain the calculations on which your sketch is based....
View
Full
Document
This note was uploaded on 09/18/2011 for the course ECON 331 taught by Professor Heaps during the Spring '06 term at Simon Fraser.
 Spring '06
 Heaps

Click to edit the document details