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Let the company's revenue be R=PQ, where P is the price and Q is the quantity sold of the product. Suppose that in the last
Let the company's revenue be R=PQ, where P is the price and Q is the quantity sold of the product. Suppose that in the last year the company's output grew at the rate of 0.93%, while the price grew at the rate of 1.84%. What was the approximate \% growth rate of the revenue, %R ? Round your answer to the nearest 0.01
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