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Whoville Gadget Works (WGW) sells its Gadgets in East Whoville and in West Whoville. The monthly demand functions for WGW's Gadgets in these markets are
Whoville Gadget Works (WGW) sells its Gadgets in East Whoville and in West Whoville. The monthly demand functions for WGW's Gadgets in these markets are QE E 126 - 0.7PE Qw 96 - 0.6Pw where PE and Pw are the prices WGW sets in East and West Whoville, respectively, and QE and Qw are the corresponding monthly demands. WGW's constant marginal cost (per Gadge) is $60, and their monthly fixed cost is $1500. The prices that WGW should set to maximize its monthly profit are PE* = [Select ] and Pu*= [ Select ] C , and WGW's maximum monthly profit is [ ]* = [ Select ] [ Select ] $2,520.00 Question 3 $4,350.00 1 pts $6,230.00 ACME Marbles Works (AMW) produces s cated $8,470.00Whoville Gadget Works (WGW) sells its Gadgets in East Whoville and in West Whoville. The monthly demand functions for WGW's Gadgets in these markets are QE 126 - 0.7 PE Qw = 96 - 0.6PW where PE and Pw are the prices WGW sets in East and West Whoville, respectively, and QE and Qw are the corresponding monthly demands. WGW's constant marginal cost (per Gadge) is $60, and their monthly fixed cost $1500. The prices that WGW should set to maximize its monthly profit are PE* = [ Select ] and Py*= [ Select ] and WGW's maximum monthly profit is II* V [ Select ] $130.00 $110.00 $120.00 Question 3 $100.00 1 pWhoville Gadget Works (WGW) sells its Gadgets in East Whoville and in West Whoville. The monthly demand functions for WGW's Gadgets in these markets are QE = 126 - 0.7PE Qw 96 - 0.6PW where PE and Pw are the prices WGW sets in East and West Whoville, respectively, and QE and Qw are the corresponding monthly demands. WGW's constant marginal cost (per Gadge) is $60, and their monthly fixed cost $1500. The prices that WGW should set to maximize its monthly profit are PE* = [ Select ] and Pw*= [ Select ] and V [ Select ] profit is [ ]* = [ Select ] $120.00 $110.00 $100.00 $130.00 1 p
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