1. The ABC Company is producing an item at unit cost of birr 4. a) If the supply function isq = 160 + 8 p, where q represents the quantity produced and p represents the market price, then find the total

1. The ABC Company is producing an item at unit cost of birr 4.

a) If the supply function isq = 160 + 8 p, where q represents the quantity produced
and p represents the market price, then find the total cost function in terms of p.
b) What is the market price at which the company realizes a total profit of birr 500
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1. The ABC Company is producing an item at unit cost of birr 4. a) If the supply function isq = 160 + 8 p, where q represents the quantity produced and p represents the market p…

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