Assume that a firm faces the following cost curve and demand curves for markets X and Y: TC = 20 + 4Q +Q? %3D Px = 100 - 2Qx %3D Py 76- Qy Assuming that the firm charges a different price in each market, what will be the profit- maximising quantity and price? The price in market X is and the quantity sold is The price in market Y is and the quantity sold is Assume now that the firm can only charge the same price on both markets. What would be the profit-maximising quantity and price? The price is and the quantity sold is

Assume that a firm faces the following cost curve and demand curves for markets X and Y: TC = 20 + 4Q +Q? %3D Px = 100 - 2Qx %3D Py 76- Qy Assuming that the firm charges a different price in each market, what will be the profit- maximising quantity and price? The price in market X is and the quantity sold is The price in market Y is and the quantity sold is Assume now that the firm can only charge the same price on both markets. What would be the profit-maximising quantity and price? The price is and the quantity sold is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assume that a firm faces the following cost curve and demand curves for
markets X and Y:
TC = 20 + 4Q +Q?
%3D
Px = 100 - 2Qx
%3D
Py 76 - QY
Assuming that the firm charges a different price in each market, what will be the profit-
maximising quantity and price?
The price in market X is
and the quantity sold is
The price in market Y is
and the quantity sold is
Assume now that the firm can only charge the same price on both markets. What would be
the profit-maximising quantity and price?
The price is
and the quantity sold is

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