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Imagine the demand function for your firm's product is q =250- 2P.How much is the Marginal revenue when q=100? Suppose you consume two goods, X
Imagine the demand function for your firm's product is q =250- 2P.How much is the Marginal revenue when q=100?
Suppose you consume two goods, X and Y. Your utility function is U = 2X + 4Y. Let PX= $4, PY= $2, and suppose that your income is $100. What is your optimal consumption of X?
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