Assume a firm faces two customers in the market. Customer 1 has an inverse demand of: p=120-q1, and Customer 2 has an inverse demand of p = 200-q2 Marginal cost per unit is constant and equal to $40. Determine the profit-maximizing price and identical lump-sum fee charged to these two customers. profit maximzing price = ? Lump sum fee = ?
Assume a firm faces two customers in the market. Customer 1 has an inverse demand of: p=120-q1, and Customer 2 has an inverse demand of p = 200-q2 Marginal cost per unit is constant and equal to $40. Determine the profit-maximizing price and identical lump-sum fee charged to these two customers. profit maximzing price = ? Lump sum fee = ?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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