A firm faces demand curves 7P+80 9996 tor the domestic market and 3P+50, = 1398 for...
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A firm faces demand curves 7P+80 9996 tor the domestic market and 3P+50, = 1398 for the industrial market The Total Cost (TC) function for producing Qy of G, goods and Q, of G2 goods is given by TC 6Q, +4Q, +6 %3D The firm is allowed to charge ditferent prices in the two markets Find the values of O, and Q; that maximise the profit f1 with price discrimination and give its value Q1 %3D State your answers to up to two decimal places f need be A firm faces demand curves 7P+80 9996 tor the domestic market and 3P+50, = 1398 for the industrial market The Total Cost (TC) function for producing Qy of G, goods and Q, of G2 goods is given by TC 6Q, +4Q, +6 %3D The firm is allowed to charge ditferent prices in the two markets Find the values of O, and Q; that maximise the profit f1 with price discrimination and give its value Q1 %3D State your answers to up to two decimal places f need be
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Related Book For
Microeconomics
ISBN: 9781464146978
1st edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Posted Date:
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