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?
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
