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Suppose that the demand curve for a businesses is given
by P= 10000-4Q^3 and supply is P= 2000 + 4Q^3
a. Find the equilibrium price and quantity
b. Calculate consumer surplus at the equilibrium price
c. Calculate producer surplus at the equilibrium price
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relevant cost and revenue for decision making old machine vs new machinea new 300000 machine is expected to have a
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