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A firm has the following inverse demand function:
where Q is Quantity and P is Price (a) Find the firm's marginal revenue function.
(b) Find the level of output where the firm maximises its total revenue
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The firm is considering manufacturing a second product in its factory alongside the first. The demand functions for the two products are: Q d1 =180 - 4P 1 Q d2 =90
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A city government wants to raise $3 million by issuing bonds. By ballot proposition, the bond's coupon interest rate was set at 8% per year with semiannual payments. However, marke
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