If the demand curve is a line, we can write p = b + mq, where p

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If the demand curve is a line, we can write p = b + mq, where p is the price of the product, q is the quantity sold at that price, and b and m are constants.

(a) Write the revenue as a function of quantity sold.

(b) Find the marginal revenue function.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Aug 10, 2023 09:35 AM

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If the demand curve is a line, we can write p = b + mq, where p

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If the demand curve is a linear equation of the form p b mq where p is the price q is the quantity s...View the full answer

Applied Calculus

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