The demand function The first step in the process of coming up with a marginal revenue derivative is to estimate the demand function. The demand function defines the price that customers will pay ...

The first step in the process of coming up with a marginal revenue derivative is to estimate the demand function. The demand function defines the price that customers will pay depending on how ...

This is a preview. Log in through your library . Abstract This paper analyses the relationship between traffic volume and maintenance costs, and derives estimates for the cost elasticity and the ...