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Suppose there is an inverse demand curve P = Y-bQ, marginal cost is c. Part a: Find the profit equation and solve for Q.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose there is an inverse demand curve P = Y-bQ, marginal cost is c.
Part a: Find the profit equation and solve for Q.

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