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Inverse demand equation from assignment

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Reference no: EM13522296

a. Assume that your inverse demand equation from Assignment 1 is written as: P = 560 - 0.024Q. Then, the marginal revenue (MR) equation for this demand equation will become: MR = 560 - 0.048Q.
Also assume that the price (P) that found in Assignment 1 was = $3.66 (or 366 cents). .

Reference no: EM13522296

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