Question
An economist sells in two segmented market, X and Y with inverse demand curves given by: Px= 100-Qx Py= 100-4 Qy The economists marginal cost
An economist sells in two segmented market, X and Y with inverse demand curves given by:
Px= 100-Qx
Py= 100-4 Qy
The economists marginal cost is constant and the same for both markets. If the economist had the option to set different prices, what would be the formula for profit- maximizing prices , Px and Py?
Px > Py
none of the answers
Py>Px
Px=Py
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
