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A monopolist faces two separate demand curves in two separate markets: P1 = 72 - 3Ql and P2 = 90 - 2Q2. The total cost curve is TC = 6 + 6Q.
a. Find Q1, Q2, P1, and P2.
b. Find the price elasticities at the two profit maximizing points
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An aggregate-supply (AS) curve is described by the equation Y = YLR + a × (P – PEXP), where Y is current output, YLR is the long run level of output, a is a positive constant, P is the current price level, and PEXP is the expected price level. Suppos..
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If a market begins in equilibrium and then the demand curve shifts leftward, a
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