A Producer Has The Possibility Of Discriminating Between The Domestic And Foreign Market For A Product Where The Demands 1 (48.82 KiB) Viewed 58 times
A Producer Has The Possibility Of Discriminating Between The Domestic And Foreign Market For A Product Where The Demands 2 (20.8 KiB) Viewed 58 times
A Producer Has The Possibility Of Discriminating Between The Domestic And Foreign Market For A Product Where The Demands 3 (23.18 KiB) Viewed 58 times
A producer has the possibility of discriminating between the domestic and foreign market for a product where the demands respectively are: Q₁ = 34 -0.37P₁ Q2 = 52 -0.13P2 Total cost= 400+44Q, where Q= Q₁+Q₂ a) What price will the producer charge in order to maximize profits without discrimination between markets. b) What is the Maximum Profit.
Round all intermediate and final answers to the nearest cent, 2 d.p. Q=Q₁+Q₂ Q= P use decimals P= 1.TR= Q² 2.MR=
3. MC= 4. Set MR-MC and solve for Q, Q= 5. P=$ 6. TR=$ 7. TC=$ 8. TPmax=$
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