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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.

1 Answer

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  • 8 years ago
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    b.

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