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OpenStudy (anonymous):
how to form a demand equation?
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OpenStudy (anonymous):
Opple Inc. is the only manufacturer of the popular oPad. Opple estimates that when the price of the oPad is $200, then the weekly demand for it is 5000 units. For every $1 increase in the price, the weekly demand decreases by 50 units. Assume that the xed costs of production on a weekly basis are $100 000, and the variable costs of production are $75 per unit.
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