Suppose in your country, the demand for sedans is given by: P = 2155Q1. Suppose
further that the cost of producing sedans is TC = 60 + 40Q + 15Q2.
What is the equilibrium price and quantity of sedans if the market is competitive?
If the Price relationship can be reformulated. That symbol isnt clear yet for one to relate with TC relationship. @P=215?5Q1.
Hello,
The question is incomprehensible. Be more precise and clear.
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