Given the demand function compute the price quantity fixed, Ask an Expert

Economics

Given the demand function compute the price, quantity, fixed cost, optimal product.

A company which 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.

In 2-3 sentences, describe which is generally easier to implement: a reward system or a patent system.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M918360

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