Question: 1, What does a demand function tell us exactly? What does a demand curve show? How are they different? 2, Define (in symbol form if

1, What does a "demand function" tell us exactly? What does a "demand curve" show? How are they different?

2, Define (in symbol form if you like) total revenue, average revenue, and marginal revenue. Why is a knowledge of these measures important for the business firm?

Total Revenue:

Average Revenue:

Marginal Revenue:

Why important?

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