- Plot the demand curve of the Firm
With all others factors remaining constants, the demand equation becomes as follows:
Q = -5200 – 42(P) + 20(600) +5.2(5500) +0.2(10,000) +0.25(5000)
Q = 38,650 – 42P
P = 38,650/42-Q/42
Plot the demand curve of the Firm With all others factors remaining constants, the demand equation becomes as follows: Q = -5200 – 42(P) + 20(600)…
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