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Suppose the daily demand for Coke and Pepsi in a small city are given by QC= 90 - 100Pc+ 400(Pp- Pc) and Qp= 90 -
Suppose the daily demand for Coke and Pepsi in a small city are given by QC= 90 - 100Pc+ 400(Pp- Pc) and Qp= 90 - 100Pp+ 400(Pc - Pp), where Qc and Qpare the number of cans Coke and Pepsi sell, respectively, in thousands per day. Pc and Ppare the prices of a can of Coke and Pepsi, respectively, measured in dollars. The marginal cost is $0.45 per can for both Coke and Pepsi. If Pp= $0.75, what is Coke's demand function? Multiple Choice O QC=465 - 400PC QC= 390 - 500PC QC= 90-400PC O QC= 390 - 400PC
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