Marginal revenue, and maximizing revenue & average revenue

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Intros
Lessons
  1. Marginal Revenue, and Maximizing Revenue & Average Revenue Overview:
  2. Understanding and Maximizing Marginal Revenue
  3. Understanding and Maximizing Average Revenue
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Examples
Lessons
  1. Finding & Maximizing Revenue
    Given the following information, find the marginal revenue and the value of qq which maximizes the revenue:
    1. R(q)=q3+4q+2 R(q)=-q^3+4q+2
    2. R(q)=200q22q R(q)=-\frac{200}{q^2} -2q
    3. p=120q+100 p=- \frac{1}{20} q+100
    4. q=50p2 q= \frac{50-p}{2}
  2. Finding & Maximizing Average Revenue
    Given the following information, find the marginal average revenue and the value of qq which maximizes the average revenue:
    1. R(q)=3q4+18q2+5q R(q)=-3q^4+18q^2+5q
    2. R(q)=2q220 R(q)=-2q^2-20
    3. p=110q+25p= - \frac{1}{10} q+25
    4. q=100p5 q= \frac{100-p}{5}