Explanation Given information: If therevenue function is linear with slope 5, then marginal revenue is always zero. We have the given statement“If the revenue function is linear with slope 5, then marginal revenue is always zero”. As it is given that revenue function is linear with slope 5. Let’s consider a linear function that represents a straight line in the form of R ( q ) = m q + b , where m = 5 is the slope and b is the y-intercept

6th Edition

ISBN: 9781119399322

Author: Hughes-Hallett

Publisher: WILEY

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Chapter 2, Problem 45SYU

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Chapter 2, Problem 44SYU

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APPLIED CALCULUS (WILEY PLUS)

Ch. 2.1 - Prob. 1P Ch. 2.1 - Prob. 2P Ch. 2.1 - Prob. 3P Ch. 2.1 - Prob. 4P Ch. 2.1 - Prob. 5P Ch. 2.1 - Prob. 6P Ch. 2.1 - Prob. 7P Ch. 2.1 - Prob. 8P Ch. 2.1 - Prob. 9P Ch. 2.1 - Prob. 10P

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Solution Summary: The author explains that if the revenue function is linear with slope 5, then marginal revenue is always zero.

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Chapter 2 Solutions