Consider the graph below. It contains 2 separate demand curves, D1 and D2, the marginal revenue curve
Question:
a. What is the TOTAL amount of output the firm should produce?
b. Approximately how much output should the firm allocate to market 1?
c. Approximately how much output should the firm allocate to market 2?
d. What is the approximate price that will be charged in market 1?
e. What is the approximate price that will be charged in market 2?
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Related Book For
Intermediate Microeconomics and Its Application
ISBN: 978-0324599107
11th edition
Authors: walter nicholson, christopher snyder
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