Show analytically that if elasticity of demand satisfies E < 1, then the derivative of revenue with
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Show analytically that if elasticity of demand satisfies E < 1, then the derivative of revenue with respect to price satisfies dR∕dp > 0.
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Since R pq we have dRdp pdqdp q We ar...View the full answer
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Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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