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4. (20 points) Consider the demand function D(p;m) mP, where > 0 is consumers average income. The supply consists of a monopoly, whose revenue from sales is given by R(p;mpD(p;m) (a) (5 points) Compute the elasticity function, E(p;m)-D(p;m) b) (5 points) Find the value of p such that E(p; (c) (5 points) Compute the marginal revenue function, MR(p; m) R(p; (d) (5 points) What is the solution to the equation MR (p 0? Compare 1 your answer to your answer from part (a)

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