For the demand schedule p 60 - 01q05 derive an expression
Question: For the demand schedule p = (60 - 0.1q)0.5:
(a) derive an expression for the slope of the demand schedule;
(b) demonstrate that this slope gets flatter as q increases from 0 to 600;
(c) find the output at which total revenue is a maximum.
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question for the demand schedule p 60 - 01q05a derive an expression for the slope of the demand scheduleb demonstrate
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