Question: MK Corp estimates that its demand function is as follows: Q = 400 - 12.5P+ 25A + 14Y + 10P* Where Q is the quantity

MK Corp estimates that its demand function is as follows:

Q = 400 - 12.5P+ 25A + 14Y + 10P*

Where Q is the quantity demanded per month, P is the product's price (in $), A is the firm's advertising expenditure (in $'000 per month), Y is per capita disposable income (in $'000), and P * is the price of AJ Corp.

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