Business
Business, 06.08.2021 21:40, josephraven7942

A monopolist sells in two markets. The demand curve for her product is given by P1 = 303 - 3X1 in the first market and P2 = 253 - 5X2 in the second market , where Xi is the quantity sold in Market i and Pi is the price charged in Market i. She has a constant marginal cost of production, c = 3, and no fixed costs. She can charge different prices in the two markets. What is the profit maximizing combination of quantities for this monopolist?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 17:10, maehardy4134
Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?
Answers: 1
image
Business, 22.06.2019 01:40, lb4628830
Select the word from the list that best fits the definition sometimes
Answers: 2
image
Business, 22.06.2019 11:00, andregijoe41
Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
Answers: 1
image
Business, 22.06.2019 21:30, lee1677
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
Answers: 1
Do you know the correct answer?
A monopolist sells in two markets. The demand curve for her product is given by P1 = 303 - 3X1 in th...

Questions in other subjects: