Question
A two product monopolist faces the demand and cost functions as below:
Q1=40-2(P1)-(P2) Q2=35-(P1)-(P2) C=(Q1)^2+2(Q2)^2+10
a) Find the profit maximizing levels of output and the price charged for each product.
Q1=40-2(P1)-(P2) Q2=35-(P1)-(P2) C=(Q1)^2+2(Q2)^2+10
a) Find the profit maximizing levels of output and the price charged for each product.
Answers
no answer...
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