Hello! Just stuck on answering these questions. Explaining the answer would be greatly appreciated. Thank you.A) Suppose that MiniChirp faces a capacity constraint of 125 units: (QA + QNZ ≤ 125). What price that MiniChirp will charge in each country?B) Suppose that MiniChirp faces a capacity constraint of 20 units: (QA + QNZ ≤ 20). What is the lowest price that MiniChirp will charge in each country? Suppose that a MiniChirp is a monopoly microchip manufacturer who faces the following de-mand curves for its product in two different countries: Australia (A) and New Zealand (NZ).Australia: QA = 400 - PA,New Zealand: QNz = 150 ---PNZ;where p; and Q; denote the price and quantity sold in country i respectively.Mini Chirp's cost function is given byc(Q) = 0.25(QA+QNZ)².Assume that resale between countries is not possible and that MiniChirp is a profit maximiser.

MiniChirp is a monopoly microchip manufacturer that faces the following demand curves for its…

Answered: A) Suppose that MiniChirp faces a…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Hello! Just stuck on answering these questions. Explaining the answer would be greatly appreciated. Thank you.

A) Suppose that MiniChirp faces a capacity constraint of 125 units: (QA + QNZ ≤ 125). What price that MiniChirp will charge in each country?

B) Suppose that MiniChirp faces a capacity constraint of 20 units: (QA + QNZ ≤ 20). What is the lowest price that MiniChirp will charge in each country?

Suppose that a MiniChirp is a monopoly microchip manufacturer who faces the following de-
mand curves for its product in two different countries: Australia (A) and New Zealand (NZ).
Australia: QA = 400 - PA,
New Zealand: QNz = 150 ---PNZ;
where p; and Q; denote the price and quantity sold in country i respectively.
Mini Chirp's cost function is given by
c(Q) = 0.25(QA+QNZ)².
Assume that resale between countries is not possible and that MiniChirp is a profit maximiser.

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