The Demand EquationThe demand equation is just what they call the equation that's always given to you in business calculus problems. The weird thing is that it's usually given to you as x(p) - demand (x) as a function of price (p). So this video explains why they're doing that, and what you'll want to do to fix it so that you can use it to calculate marginal revenue and profit. |
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This video appears on the page: Demand, Marginal Cost, Marginal Revenue & Marginal Profit