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A Company produces two products: P and C in fixed proportions. Cost function C = 150 + 50Q + 2.5Q2 Pp = 200 - 2QP

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A Company produces two products: P and C in fixed proportions. Cost function C = 150 + 50Q + 2.5Q2 Pp = 200 - 2QP Demand functions Pc = 120 - 3Qc Determine the optimal price and output for each product Hints Find out the Total revenue (R) by multiplying Pp * Qp + Pc*Qc Find out MR MR = MC After finding the optimal output, we can find out Pp and Pc

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