Suppose that a monopolist offers two different products with demand functions P1 = 56 – 491 - P2 48 – 2q2 The monopolist's joint cost function is C(q1, 92) qỉ + 59192 + q%
Suppose that a monopolist offers two different products with demand functions P1 = 56 – 491 - P2 48 – 2q2 The monopolist's joint cost function is C(q1, 92) qỉ + 59192 + q%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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100%
Use the second order condition for a maximum to check whether or not the
values that you have computed do represent a maximum.

Transcribed Image Text:Suppose that a monopolist offers two different products with demand functions
P1 = 56 – 4q1
P2 = 48 – 2q2
The monopolist's joint cost function is
C(q1, 92)
qỉ + 5q192 + qź
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