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Only two firms, LIZ and DOM, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $16 and zero fixed cost. Table 18-11 ° 0 16 32 48 64 80 96 112 128 144 160 PU8222262840 36 32 16 12 Refer to Table 17 H. Assume MC $16. If L12 and DOM agree to jointly maximize profit and share the profit equally. then each will earn a profit of $250 $288 O $256 O $144

Only two firms, LIZ and DOM, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $16 and zero fixed cost. Table 18-11 ° 0 16 32 48 64 80 96 112 128 144 160 PU8222262840 36 32 16 12 Refer to Table 17 H. Assume MC $16. If L12 and DOM agree to jointly maximize profit and share the profit equally. then each will earn a profit of $250 $288 O $256 O $144

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Explain all option compulsary......you will not explain all option then I will give you down upvote...
Only two firms, LIZ and DOM, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $16 and zero fixed cost. Table 18-11 ° 0 16 32 48 64 80 96 112 128 144 160 PU8222262840 36 32 16 12 Refer to Table 17 H. Assume MC $16. If L12 and DOM agree to jointly maximize profit and share the profit equally. then each will earn a profit of $250 $288 O $256 O $144
Transcribed Image Text:Only two firms, LIZ and DOM, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $16 and zero fixed cost. Table 18-11 ° 0 16 32 48 64 80 96 112 128 144 160 PU8222262840 36 32 16 12 Refer to Table 17 H. Assume MC $16. If L12 and DOM agree to jointly maximize profit and share the profit equally. then each will earn a profit of $250 $288 O $256 O $144
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