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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?
a.)Px > Py
b.)none of the answers
c.)Py>Px
d.) Px=Py
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