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Add these two functions which, given demand and supply curves, calculate the optimal theoretical profit maximising price, and the theoretical (total = consumer + producer) surplus maximising price.
Documentation should provide usage guidance: i.e. use for intellectual purposes, but not to simply grab the output and price accordingly; i.e. add caveats, assumptions, and considerations.
The text was updated successfully, but these errors were encountered:
Add these two functions which, given demand and supply curves, calculate the optimal theoretical profit maximising price, and the theoretical (total = consumer + producer) surplus maximising price.
Documentation should provide usage guidance: i.e. use for intellectual purposes, but not to simply grab the output and price accordingly; i.e. add caveats, assumptions, and considerations.
The text was updated successfully, but these errors were encountered: