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1 The demand function for 2 types of goods is known Q1Q25.pdf

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1. The demand function for 2 types of goods is known: Q1Q2=520010P1=820020P2 TC=0,1Q12+ 0,1Q1Q2+0,2Q22+325 Define: a. Output that will maximize profit b. Determine the price of each item c. Determine the maximum profit.

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1. The demand function for 2 types of goods is known: Q1Q2=520010P1=820020P2 TC=0,1Q12+ 0,1Q1Q2+0,2Q22+325 Define: a. Output that will maximize profit b. Determine the price of each item c. Determine the maximum profit

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