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A firm produces two different goods, with demand given by the following
Pa=100-2Qa-Qb and Pd=90-2Qb where Pa=price of good A Pb=price of good B, Qa=quantity of good A and Qb= quantity of good B
there are 30 units of each in storage(HINT:how does this impact MC?) and management has decided to close our the product lines and produce more. determine prices and quantity in each market.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9479939

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