Assume a firm faces two customers in the market. Customer 1 has an inverse demand of p=100-9₁. and Customer 2 has an inverse demand of p=200-9₂- Marginal cost per unit is constant and equal to $30. Determine the profit-maximizing price and identical lump-sum fee charged to these two customers. For the following questions, assume the firm will always sell to both customers. The profit-maximizing price is $. (Enter a numeric response using a real number rounded to two decimal places.) The lump-sum fee is $. (Enter a numeric response rounded to the nearest penny.)
Assume a firm faces two customers in the market. Customer 1 has an inverse demand of p=100-9₁. and Customer 2 has an inverse demand of p=200-9₂- Marginal cost per unit is constant and equal to $30. Determine the profit-maximizing price and identical lump-sum fee charged to these two customers. For the following questions, assume the firm will always sell to both customers. The profit-maximizing price is $. (Enter a numeric response using a real number rounded to two decimal places.) The lump-sum fee is $. (Enter a numeric response rounded to the nearest penny.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Assume a firm faces two customers in the market. Customer 1 has an inverse demand of
p=100-q₁.
and Customer 2 has an inverse demand of
p=200-q₂-
Marginal cost per unit is constant and equal to $30. Determine the profit-maximizing price and identical lump-sum fee charged to these two customers.
For the following questions, assume the firm will always sell to both customers.
The profit-maximizing price is $(Enter a numeric response using a real number rounded to two decimal places.)
The lump-sum fee is $. (Enter a numeric response rounded to the nearest penny.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c503179-ff72-42d1-b4cf-cce276a7cc72%2F638be115-981a-4f33-93f5-41f76a1864d0%2Fbja4p6r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume a firm faces two customers in the market. Customer 1 has an inverse demand of
p=100-q₁.
and Customer 2 has an inverse demand of
p=200-q₂-
Marginal cost per unit is constant and equal to $30. Determine the profit-maximizing price and identical lump-sum fee charged to these two customers.
For the following questions, assume the firm will always sell to both customers.
The profit-maximizing price is $(Enter a numeric response using a real number rounded to two decimal places.)
The lump-sum fee is $. (Enter a numeric response rounded to the nearest penny.)
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