B Quantative Ana x C 1.[15 Points X Mathcha - Onlir x (54) TNH NO X 02 - Google 1a_InkQjuWcsxv3Df4bE3spco0774LpGF/view Gmail Google Docs RMIT RMIT Portal Mail - Ha Pham 0 Allocate+ Message Thomson Reuters Ei 2. (15 points) Gamaleya Institute in Moscow claims to be first pharmaceutical company to have created a vaccine for Covid-19. Accordingly, the firm plans to sell its vaccine in two different markets: domestic and foreign. The corresponding demand functions are P +2Q1 = 100 (1) 2P+Q2 = 20 (2) The total cost function is TC = 500 + 100 (3) where . Equation 1 is the domestic market Equation 2 is the foreign market Q-Q,+Q2 I a is a positive constant. (a) Determine, in terms of a, the prices needed to maximise profit with price discrimination without price discrimination (b) Show that the profit with price discrimination is always greater than the profit without discrimi- nation, irrespective of the value of a. Study go Assess 2 - Update... Zalo Spotify Free Questions DOLL B Quantative Ana x C 1.[15 Points X Mathcha - Onlir x (54) TNH NO X 02 - Google 1a_InkQjuWcsxv3Df4bE3spco0774LpGF/view Gmail Google Docs RMIT RMIT Portal Mail - Ha Pham 0 Allocate+ Message Thomson Reuters Ei 2. (15 points) Gamaleya Institute in Moscow claims to be first pharmaceutical company to have created a vaccine for Covid-19. Accordingly, the firm plans to sell its vaccine in two different markets: domestic and foreign. The corresponding demand functions are P +2Q1 = 100 (1) 2P+Q2 = 20 (2) The total cost function is TC = 500 + 100 (3) where . Equation 1 is the domestic market Equation 2 is the foreign market Q-Q,+Q2 I a is a positive constant. (a) Determine, in terms of a, the prices needed to maximise profit with price discrimination without price discrimination (b) Show that the profit with price discrimination is always greater than the profit without discrimi- nation, irrespective of the value of a. Study go Assess 2 - Update... Zalo Spotify Free Questions DOLL