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Political Calculations: The Costs of a Cup of Coffee

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EFFICIENCY, COST, OPTIMIZATION, SIMULATION AND ENVIRONMENTAL IMPACT OF ENERGY SYSTEMS. INTERNATIONAL CONFERENCE. 36TH 2023. (ECOS 2023) (5 VOLS)

SOLVED: Q1. Suppose the market for coffee in China is characterized by demand Qd=1000-10 P. Individual coffee shops are identical with total costs TC=5 q^2 and marginal costs MC=10 q. (a) What