QUES 1 Students in Bangladesh have demand for economics textbook given by Q= 50 - P.students in the US have demand for same text given by Q = 90 - P. text can be printed and shipped to either country for a marginal cost of 20 .suppose the publisher can prevent reselling a cross-country. what is the profit maximizing maximizing price in Bangladesh

QUES 2 A steel mill in Canada has inverse demand function p = 50 - q (so its revenue function is given by R = 50q - q2) and cost function is C = 80 + 2q.

a) What is the firm's output under each of the following three regimes?

i) Profit maximization.

ii) Revenue maximization.

iii) Output maximization subject to nonnegative revenue.

b) If MC = 0, which of the above three regimes (profit-maximizing, revenue-maximizing or output maximizing) is likely to yield higher total surplus (or be closer to competitive equilibrium)? Explain briefly without any calculation.