"Vitamin Strong" has the geographically separated markets, denoted A and B. The demand on these two markets are respectively QA = 1-PA and QB = 0.5-PB. The transport and production costs are zero for simplicity. Suppose that the firm chooses to set a uniform price across the two markets. In this case the optimal price is p =______ and would supply A = and QB = ______ (All numeric answers rounded to three decimals) Black &

"Vitamin Strong" has the geographically separated markets, denoted A and B. The demand on these two markets are respectively QA = 1-PA and QB = 0.5-PB. The transport and production costs are zero for simplicity. Suppose that the firm chooses to set a uniform price across the two markets. In this case the optimal price is p = and would supply A = and QB = (All numeric answers rounded to three decimals) Black &

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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d the consumers' surplus if the demand function for a particular beverage is given by D(q) = 2000 (2q+9)² and if the supply and demand are in equilibrium at q = 9.
option d