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Business, 30.10.2021 20:00 natajaeecarr
Wanda's Widgets used market surveys and linear regression to develop
a demand function based on the wholesale price. The demand
function is q = -140p + 9,000. The expense function is
E = 2.000 + 16,000
a. Express the expense function in terms of p.
b. At a price of $10.00, how many widgets are demanded?
c. How much does it cost to produce the number of widgets from
I
part b?
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Answers: 2
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Wanda's Widgets used market surveys and linear regression to develop
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