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2 questions from International Economic Policies. Suppose the Demand facing each producer is given by Q=S*[1/n-0.78*(P-Pbar)] andC=46104+5329*Q andS=47594128. What is the price to two decimal

2 questions from International Economic Policies.

  1. Suppose the Demand facing each producer is given by Q=S*[1/n-0.78*(P-Pbar)] andC=46104+5329*Q andS=47594128. What is the price to two decimal places?
  2. Suppose the Demand facing each producer is given by Q=S*[1/n-1.00*(P-Pbar)] andC=378537735+5000*Q andS=5460140587. What is the number of firms to two decimal places?

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