Noah and naomi can produce garden benches garden chairs or, Ask an Expert

Economics

Noah and Naomi can produce garden benches, garden chairs or both. They are price takers in both markets.

Cost function for benches Cb(QbQc)=50Qb+(Qb)^2+QbQc

MCb=50+2Qb+Qc

Cost function for chairs is Cc(QbQc)=22Qc+Qc^2+QcQb

MCc=22+2Qc+Qb

The price of garden bench is $105. Garden chair is $90.

What is the profit-maximizing sales quantities of benches and chairs?

__ benches __ chairs

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91992541

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