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....
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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