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The market for DVD rentals in Dallas, Texas, is estimated to be P= 10-0.002Q. Marginal cost (MC) of rental is equal to $2. Where PD is the price (per DVD in $) for DVD QD is quantity of weekly rental. The marginal revenue (MR) for rental is equal to MR= 20- 0.004QD
The equilibrium weekly rental is equal to
Equilibrium price of DVD rental
Equilibrium profits from DVD sales
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Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
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