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  2. Inverse demand function - Wikipedia

    en.wikipedia.org/wiki/Inverse_demand_function

    The marginal revenue function has twice the slope of the inverse demand function. [9] The marginal revenue function is below the inverse demand function at every positive quantity. [10] The inverse demand function can be used to derive the total and marginal revenue functions. Total revenue equals price, P, times quantity, Q, or TR = P×Q.

  3. Demand curve - Wikipedia

    en.wikipedia.org/wiki/Demand_curve

    A demand curve is a graph depicting the inverse demand function, [1] a relationship between the price of a certain commodity (the y-axis) and the quantity of that commodity that is demanded at that price (the x-axis).

  4. Demand - Wikipedia

    en.wikipedia.org/wiki/Demand

    To compute the inverse demand equation, simply solve for P from the demand equation. [12] For example, if the demand equation is Q = 240 - 2P then the inverse demand equation would be P = 120 - .5Q, the right side of which is the inverse demand function. [13] The inverse demand function is useful in deriving the total and marginal revenue ...

  5. Markup rule - Wikipedia

    en.wikipedia.org/wiki/Markup_rule

    The rule also implies that, absent menu costs, a firm with market power will never choose a point on the inelastic portion of its demand curve (where and ). Intuitively, this is because starting from such a point, a reduction in quantity and the associated increase in price along the demand curve would yield both an increase in revenues ...

  6. Logistic function - Wikipedia

    en.wikipedia.org/wiki/Logistic_function

    The standard logistic function is the logistic function with parameters =, =, =, which yields = + = + = / / + /.In practice, due to the nature of the exponential function, it is often sufficient to compute the standard logistic function for over a small range of real numbers, such as a range contained in [−6, +6], as it quickly converges very close to its saturation values of 0 and 1.

  7. Total revenue - Wikipedia

    en.wikipedia.org/wiki/Total_revenue

    The function of TR is graphed as a downward opening parabola due to the concept of elasticity of demand. When price goes up, quantity will go down. Whether the total revenue will grow or drop depends on the original price and quantity and the slope of the demand curve.

  8. Hagerty: Gen X, older millennials are driving a shift from ...

    www.aol.com/hagerty-gen-x-older-millennials...

    For Hagerty, which now owns its own auction house, classic car shows (including Amelia Island), and even a media company, a dip in the classic car market isn’t impacting business.

  9. Supply and demand - Wikipedia

    en.wikipedia.org/wiki/Supply_and_demand

    In keeping with modern convention, a demand curve would instead be drawn with price on the x-axis and demand on the y-axis, because price is the independent variable and demand is the variable that is dependent upon price. Just as the supply curve parallels the marginal cost curve, the demand curve parallels marginal utility, measured in ...