If the revenue function for a particular commodity is R(p) = −5 q(p) = -56p² + 62p, what is the (linear) demand function q(p)? Cive

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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If the revenue function for a particular commodity is R(p)
q(p) =
Give a reason for your answer.
q
р
OR = pq
OR=q-p
R = 2²₂
O
O
R =
R = p + q
=
-56p² + 62p, what is the (linear) demand function q(p)?
Transcribed Image Text:If the revenue function for a particular commodity is R(p) q(p) = Give a reason for your answer. q р OR = pq OR=q-p R = 2²₂ O O R = R = p + q = -56p² + 62p, what is the (linear) demand function q(p)?
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