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Problem 1 demand functions. QPJ = 50 - 991 PPJ QSB = 80- 091 PSB where Q is in thousands of subscriptions per year and

Problem 1 demand functions.

QPJ = 50 - 991 PPJ QSB = 80- 091 PSB where Q is in thousands of subscriptions per year and P is the subscription price per year. The cost of providing Q units of service is given by TC(Q) = 1, 000 + 30Q where Q = QpJ + QsB

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