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Model S cars, let's say it faces an annual demand curve of Q=200-2p. The cost function is () = 2. 2 a. Write the equation
Model S cars, let's say it faces an annual demand curve of Q=200-2p. The cost function is () = 2. 2 a. Write the equation for Tesla's revenue. (5 points) b. Write the equation for Tesla's profits. (2 points) c. What is the profit-maximizing level of output? (5 points)
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