Question: 1. 1. 4 Given that the inverse demand function is p(Q) = a- bQ + (c/2)Q2, derive the marginal revenue function. Compare the corresponding marginal

1. 1. 4 Given that the inverse demand function is p(Q) =

a- bQ + (c/2)Q2, derive the marginal revenue function. Compare the corresponding marginal revenue curve to the linear one (where c = 0) and show how its curvature depends on whether c is positive or negative. (Hint: See Solved Problem 11.1.)

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