ms, newspapers, his convenience store. Noting his small business is not thriving, he thought of selling hot pies and rolls too. Suppose the total cost function for rolls and pies is, TC = 800 + 53Q, Q = Q1+ Q2 %3D where Q1 and Q2 denote the quantities of rolls and pies respectfully. If P, and P2 denote the corresponding prices, then the inverse demand equations are: = 73 – P, and 0.5Q2 = 100 – P2

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