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If the cross-price elasticity between Goods X and Y is 1.5, if the price of Good Y increases by 5%, by what percent will the

If the cross-price elasticity between Goods X and Y is 1.5, if the price of Good Y increases by 5%, by what percent will the demand for Good X change?

If your firm has a total cost function equal to:C(Q) = 1,000 + 20Q + 6Q2+ 3Q3,what is the average variable cost of producing 50 units of output (Q)?

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