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Hey Kinsly solve this with steps. 0N02 A firm produces two products which are sold in separate markets with the demand schedules p1 =210-0.4q12 p2=491-6q2

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0N02 A firm produces two products which are sold in separate markets with the demand schedules p1 =210-0.4q12 p2=491-6q2 Production costs are related and the firm's total cost schedule is TC = 32 + 0.8q21+ 0.7q22+ 0.1 mm How much should the firm sell in each market to maximize total profits? QN03 . A company produces two competing products whose demand schedules are q1=219-1.8p1+0.5p2 c=303-2.1p2+0.8p1 What price should it charge in the two markets to maximize total sales revenue? QNO4 A monopoly sells its output in two separable markets with the demand schedules p. = 20i p, =13.7s$ 6 8 If it faces the total cost schedule TC = 74 + 2.26:} + 0.01q2 where q = q. + qz, what is the maximum prot it can make? QN05 A multiplant monopoly operates two plants whose cost schedules are TC. = 2.4 + 0.015(1'1l TC; = 3.5 + 0.0121; and sells its total output in a market where p = 32 -- 0.02q. How much should it produce in each plant to maximize total prots? QN06 A firm faces the production function 0 = 0.8K 0'4 L\". It sells its output at a fixed price of 450 a unit and can buy the inputs Kand L at 15 per unit and 8 per unit, respectively. What input mix will maximize profit

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