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Please solve on paper so I can follow along and learn it 5. (20 points) A rm's inverse demand curve is described by P =

Please solve on paper so I can follow along and learn it

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5. (20 points) A rm's inverse demand curve is described by P = 22 + 2R Q where R is expenditure on R&D, P is the price of its product and Q is the quantity demanded. Total costs of production are given by TC = Q2 + ZRQ + A2. What levels of output Q and R&D expenditure should the rm choose in order to maximise prot

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