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Suppose a nonlinear price discriminating monopolist faces an inverse demand curve: and can set three prices depending on
Posted: Sun Jul 03, 2022 1:01 pm
by answerhappygod
- Suppose A Nonlinear Price Discriminating Monopolist Faces An Inverse Demand Curve And Can Set Three Prices Depending On 1 (33.24 KiB) Viewed 12 times
Suppose a nonlinear price discriminating monopolist faces an inverse demand curve: and can set three prices depending on the quantity a consumer purchases. The firm's profit is by douty Teach me Etext pages N2 #m + P₂ (Q₂-Q₁) P3 (03-0₂) - mQ₂. where p, is the high price charged on the first units Q, (first block) and P₂ is a lower price charged on the next (Q₂-Q₁) units and py is the lowest price charged or the (Q₂-0₂) remaining units. Q, is the total number of units actually purchased, and m- $75 is the firm's constant marginal and average cost. Using calculus, determine the profit-maximizing values for P₁ P₂. and py, and the firm's profits The profit maximizing value (round your answers to the nearest penny) 3 x 54 Get more help. P₂Q₁ 5 Part 1 of 4 A 6 P 175-Q DELL Points: 0 of 16 7 Clear all Check answer S End