find out the total revenue, profit, price, marginal revenue, and cost.
A firm that provides two goods faces the following demands:
P1 = 8 - .02Q1
P2 = 15 - .03Q2
All costs are fixed at $900 and prices in the last period were P1 = $3 and P2 = $8.
Compute the revenue and beniftit associated with the prices that you chose in part c. Is this higher or lower than the previous period?