What is profit function of firm for this item

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Q. Demand for a certain for item is given q=200-2p. Where q donated amt and p is price per unit. It cost Rs 5 to produce each unit. What is profit function of firm for this item?

Q. Explain. Suppose enrolment at your university unexpectedly declines. True or False: Apartment owners in area will face higher vacancy rates and might raise their rents to compensate. Does this observation in fact violate laws of supply and demand?

Reference no: EM1371612

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