<\/p>
A firm produces two different goods, with demand given by the following:<\/p>
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.<\/p>
Determine optimal prices and quantities for each good.<\/p>", "transcribed_text": "", "related_book": { "title": "Dynamic Business Law", "isbn": "1260733971, 978-1260733976", "edition": "6th Edition", "authors": "Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/65fbd9d1546a2_249534.jpg", "uri": "\/textbooks\/dynamic-business-law-the-essentials-6th-edition-9781266846694-249534", "see_more_uri": "" }, "free_related_book": { "isbn": "B0BRNPBZJ8", "uri": "\/textbooks\/john-frieda-profiller-plusthickening-shampoo-for-thin-fine-hair-250ml-b0brnpbzj8", "name": "John Frieda PROfiller PlusThickening Shampoo For Thin Fine Hair 250ml", "edition": "" }, "question_posted": "2024-06-13 02:07:57", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/let-x1-x2-xn-be-independent-random", "description": "Let X1, X2, . . . ,Xn be independent random variables having an unknown continuous distribution function F, and let Y1,Y2, . . . ,Ym be independent random variables having an unknown continuous...", "stars": 3 }, { "url": "\/study-help\/applied-calculus\/suppose-that-the-interval-0-x-1-is-divided", "description": "Suppose that the interval 0 x 1 is divided into 100 subintervals with a width of x = .01. 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