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The demand function of a commodity is x = 1/3 (24 – 2p), where x is the number of units demanded and p is per unit price. The value of p, which maximizes the revenue, is

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The demand function of a commodity is x = 1/3 (24 – 2p), where x is the number of units demanded and p is per unit price. The value of p, which maximizes the revenue, is






 
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