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Question 5. (10) P1 = 63-4Q1 so that R1 = P1 Q1 = 6301 - 40 P2 = 105 -501 R1 = P2 Q1 =

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Question 5. (10) P1 = 63-4Q1 so that R1 = P1 Q1 = 6301 - 40 P2 = 105 -501 R1 = P2 Q1 = 105Q2 - 5Q3 PJ = 75 -6Q3 R3 = P3 Q3 = 7501 -60; and that the total-cost function is C = 20 + 15Q + Q2 (@) Find the new marginal-cost function. (b) Find the new equilibrium quantities. (Use fractions.) (c) find the new equilibrium prices. (d) Verity that the second-order sufficient condition is met

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