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OpenStudy (anonymous):
hope you can assist. i forgot how to do this. "suppose the cost of manufactuaring 10 units of a product is R40 and the cost of manufacturing 20 units is R70. If the cost C is linearly related to output Q(units produced), the cost f producing 35 items is
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OpenStudy (anonymous):
If the demand function P=90-0.5Q, where P and Q are the price and quantity respectively, determine the expression for the price elasticity of demand in terms pf P.
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