Graph the demand and revenue equations

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Reference no: EM131175607

Given the demand equation p + mx = b (m > 0, b > 0).

(a) On the same set of axes, graph the demand and revenue equations.

(b) Show that the x-intercept of the marginal revenue function occurs at that x-value for which the revenue is maximum and is ½ the x-intercept of the demand equation.

Reference no: EM131175607

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