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Demand Schedule
Please use derivatives in the following scenario
Assume that a demand schedule can be given by the formula:
P = 100 - .50*Q
What would be the theoretical maximum revenue and quantity given this demand schedule?
Hint: Remember that Revenue = P * Q, and that the maximum revenue is when the Marginal Revenue = 0; Marginal Revenue is the derivative of P*Q (substituting the demand schedule for P)
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