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economics The Nestle is the world's largest supplier for food. It produces two types of cereals: A and B TC = 4,000,000 + 100Q +

economics

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The Nestle is the world's largest supplier for food. It produces two types of cereals: A and B TC = 4,000,000 + 100Q + 0.02Q2 MC = 100 + 0.04Q For every Q cereals, Nestle obtained 1 cereal A and 1 cereal B to be sold to all supermarkets. The income is obtained from the production and sale of 1 cereal of Q, which is the income from selling 1 cereal A plus 1 cereal B. So, total revenue functions as follows: TR = TRK and TRS = PKOK + PSQS PK = $800 - 0.02Qk Ps = $700 - 0.03Q5 1. Find the profit maximizing output level 2. Find the total revenue function in terms OK and QS 3. Find the marginal revenue for cereal A and cereal B 4. Find the marginal cost of the cereal 5. Cereal A and B. Find the optimum profit for cereal A and B 6. Find the price for each cereal. Cereal A and B

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