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Exercise 13.7 A firm manufactures two products, X and Y. and sells these in related markets. Suppose that the firm is the only producer of

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Exercise 13.7 A firm manufactures two products, X and Y. and sells these in related markets. Suppose that the firm is the only producer of X and Y and that the inverse demand functions for X and Y are pl = 13 -2x-y.p = 13 - x - 2v. Determine the production levels that maximise profit, given that the cost function is C(x, y) = x +

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