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The jenkins Tool Company estimated

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The jenkins Tool Company estimated the following demand equation for its product: Qd=12000-4000P where p=price/unit, Qd=quantity demanded/year;The firm's total cost are 4000 when nothing is being produced. These costs increase by 50 cents for each unit produced.;a. Write an equation for the total cost function.

 

Paper#28948 | Written in 18-Jul-2015

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