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(20 points) A monopolist uses two inputs to produce the output according to the production 2 1 function y = x³x2, where
Posted: Thu May 26, 2022 8:03 am
by answerhappygod
- 20 Points A Monopolist Uses Two Inputs To Produce The Output According To The Production 2 1 Function Y X X2 Where 1 (46.18 KiB) Viewed 20 times
(20 points) A monopolist uses two inputs to produce the output according to the production 2 1 function y = x³x2, where y denotes the quantity of the output and x₁, i = 1,2, denotes the quantity of input i. The prices of the two inputs are w₁ = 10 and w₂ = 5. The monopolist faces the demand function y = 35 - p. Will the monopolist want to price discriminate using two- part tariff? Why?