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If the cost function of example 4 is changed to C=20 15Q Q^2 example 4 to make the above more concrete, let us now give
If the cost function of example 4 is changed to C=20 15Q Q^2 example 4 to make the above more concrete, let us now give a numerical version, Suppose that a monopolist firm has a specific average-revenue functions P1=63-4Q1 so that R1=P1Q1=63Q1-4Q1^2
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
