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Problem: A company has a cost function for a product of C (:17) = 4:13 0.02%2 + 350. The supply and demand functions are given
Problem: A company has a cost function for a product of C (:17) = 4:13 0.02%2 + 350. The supply and demand functions are given by, respectively, S (m) = 0.055102 l 8 and D (as) = 48 1.25m. Answer the following questions about this company. a.) Find the equilibrium price and quantity sold for this product
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