How to find demand from marginal revenue equation?
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The first step in the process of coming up with a marginal revenue derivative is to estimate the demand function.
Next, you need to convert the equation so that it relates to revenue.
Next, you need to convert the equation so that it relates to revenue.
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Explanation:
Marginal cost, marginal revenue, and marginal profit all involve how much a function goes up (or down) as you go over 1 to the right — this is very similar to the way linear ..
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