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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A First Course In Mathematical Modeling

ISBN: 9781285050904

5th Edition

Authors: Frank R. Giordano, William P. Fox, Steven B. Horton

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Question Posted: Jan 11, 2024 09:01 AM

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Verify the result that the marginal revenue of the q+1st unit equals the price of that unit

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A First Course In Mathematical Modeling

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