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Given the demand function find out the marginal revenue, total revenue, demand, supply, marginal 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.

Provide the constraint that you found in part b, can the company choose prices that maximize benifits as though it were an unregulated company?

In 2-3 sentences, what is the main advantage or price-cap regulation over rate-of-return regulation?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M918371

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