Noah and Naomi produce both garden benches and garden chairs; they are price takers in both markets. Their cost function is

The price of a garden bench, PB, is $120. The price of a garden chair, PC, is $95.
What are Noah and Naomi's profit-maximizing sales quantities of benches and chairs? How does this change if the price of garden benches increases to $150? Why the difference from Worked-Out Problem 9.5?

Transcribed Image Text:

COR Qc) = 50Qa+25Qc+ (Qr)?+(Qc²- Q2Qc