Verify the result that the marginal revenue of the q+1st unit equals the price of that unit
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Verify the result that the marginal revenue of the q+1st unit equals the price of that unit minus the loss in revenue on previous units resulting from price reduction.
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Related Book For
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton
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