Suppose a linear demand function is estimated for good x as
Suppose a linear demand function is estimated for good x as, Qd = 100 – 4*Px + 6*Py + M. where Px = $4, Py = $2, and M =10. M is the average income of consumers, measured in thousands of dollars. What is the relationship between good x and y?
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suppose the cost function is tcq 3lnq minus 15q2 025q3 minus 235find variable cost average variable cost fixed cost
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suppose a linear demand function is estimated for good x as qd 100 ndash 4px 6py m where px 4 py 2 and m 10 m is
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