Q3: The demand and supply functions of a two - commodity market model are as follow: 15 – 2p1 + P2 -(1) .(2) (3) (4) Qai ..... ... ....... Qs1 = -5 + 3p1 ... ....... Qa2 6+ P1 – P2 …. %3D ...... .... ..... Qs2 = -4 + 2p2 Find Pi* and Qi* (i=1,2) by Crammers rule?

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A:

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Q: 16 14 12 10. ATC AVC MR 10 20 30 40 50 60 70 80 90 100 11o 120 Quantity Price Total Revenue

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Q: [Q: 11-2953006] Suppose the cost curve of the local electric company is TC = 186 + 5Q and the demand…

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A:

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