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2. A firm producing tables (T) with fixed costs, RM100 and the firm's total costs increase by RM10 for each additional table they produce. The
2. A firm producing tables (T) with fixed costs, RM100 and the firm's total costs increase by RM10 for each additional table they produce. The demand curve for tables is given by: p(T) =200 -T. (a) Write an equation for total costs for the firm as a function of T. (b) How many tables will the firm produce and what will firm profits be? (c) Recalculate (b) if p(T) = 200 - T*
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