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A firm produces two different goods, with demand given by the following: Pa = 500 - 15Qa + 4Qb and Pb = 200 - 2Qb

A firm produces two different goods, with demand given by the following:

Pa = 500 - 15Qa + 4Qb and Pb = 200 - 2Qb Where Pa = price of good A, Pb = price of good B, Qa = quantity of good A and Qb = quantity of good B. There are 100 units of each good in storage (HINT: think about MC).

Determine optimal prices and quantities for each good.

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