1 a monopolists inverse demand function is p 150 3q the company produces output at two facilities the marginal cost of producing at facility 1 is mc1 6q1 the marginal cost of producing at fa 86386
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The demand function p = 85 – 5x and supply function p = 3x – 35. Calculate the equilibrium price and quantity demanded. Also, calculate consumer’s surplus - Business Mathematics and Statistics | Shaalaa.com
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