Which of the following statements is NOT true about the revenue business model?
A) when the demand equation is linear, it can represented by p=mx+b, where x is the quantity sold and p is the price.
B) a revenue function can never be defined as a function of the price p.
C) ideally, the graph of a simple revenue function should have a maximum value.
D) the revenue function can be represented by R(x)=xp, where x is the quantity sold and p is the price.
- Mellow MadnessLv 48 years agoFavorite Answer