A firm operates two plants. The total cost schedules for the plants are TC1 = 4*Q1 +

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A firm operates two plants. The total cost schedules for the plants are TC1 = 4*Q1 + .1*Q12 and TC2 = 2*Q2 + .1*Q22. The firm’s demand schedule is Q = 120 – 10*P or P = 12 - .1*Q. What is the profit maximizing price for the firm?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Posted Date: Dec 08, 2020 02:39 PM

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A firm operates two plants. The total cost schedules for the plants are TC1 = 4*Q1 + .1*Q12 and TC2 = 2*Q2 + .1*Q22. The firms demand schedule is Q = 120 10*P or P = 12 - .1*Q. What is the profit...
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A firm operates two plants. The total cost schedules for the plants are TC1 = 4*Q1 +

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Economics Principles and Policy

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