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Question 12.17: If MR = 520 − 3q^0.5 what is the corresponding TR function?...

If MR = 520 − 3q ^{0.5} what is the corresponding TR function?

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TR = \int MR dq = \int (520 − 3q ^{0.5})dq = 520q − 2q ^{1.5}

Once the TR function corresponding to a given MR function has been derived then one simply has to divide this through by q to arrive at the demand function.

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