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    calculate demand and price for two different demand functions that have the same cost function

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    I need to know how to calculate demand and price for two different demand functions that have the same cost function.
    P1 = 20 - .0125Q1
    P2 = 40 - .025Q2

    ATC = MC = 3.00.

    How do I calculate the price and quantity for each? How does ATC/MC factor into the price/quantity estimate?

    What is the economic profit for each?

    Thanks

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    https://brainmass.com/economics/microeconomics/different-demand-functions-cost-function-31364

    Solution Preview

    For the first demand, the firm's total revenue is
    TR = Q1*P1 = (20 - .0125Q1)*Q1 = 20 Q1 - .0125Q1^2
    Then the Marginal revenue is
    MR1 = dTR / dQ1 = 20 - .025Q1
    we know that ...

    Solution Summary

    The economic profit for each is given. The different demand functions that have the same cost function is analyzed.

    $2.19