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a firm faces a demand cure, p=80-3q, and has a cost equation c=200+20q
Find the optimal quantity and price for the firm,
now suppose that demand changes to p=1103Q. find the new optimal and quantity. has there been an increase or a decrease in demand? Explain.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9479925

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