Question
A firm produces two different goods, with demand given by the following: Pa = 300 -2Qa + Qb and Pb = 190 - 3Qb Where
A firm produces two different goods, with demand given by the following:
Pa = 300 -2Qa + Qb and Pb = 190 - 3Qb Where Pa = price of good A, Pb = price of good B, Qa = quantity of good A and Qb = quantity of good B.The marginal costs for the two goods are 40 for good A and 20 for good B.
Determine optimal prices and quantities for each good.
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
1st edition
978-0137036059, 133379094, 321566440, 137036051, 9780133379099, 978-0321566447
