Suppose a monopolist faces two demand schedules p1 72

Economics

Suppose a monopolist faces two demand schedules P1= 72 - Q1 and P2 = 36 - Q2/2. Assume TC = 16Q. Determine the prices and output level for each firm that maximizes profits.

a. Must charge the same price in both markets?
b. Can charge different prices in both markets?
c. Must charge the same price in both markets but TC = 28Q.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M967965

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question if you were a subsidiary manager at a

Question: If you were a subsidiary manager at a multinational, what are the lessons you can draw from "being a subsidiary manager at a multinational" that can help you successfully convince the headquarters that your ide ...

Question is social security a fair and equitable system why

Question: Is Social Security a fair and equitable system? Why or Why not? Describe how the Core Values can be applied in the use of Social Security. Should the Social Security system be replaced? If so, with what? The re ...

Question in addition to economic benefits regional economic

Question: In addition to economic benefits, regional economic integration produces political benefits. By fostering close economic ties between nations, regional economic integration helps foster peace, as illustrated by ...

Question consider pats pizza restaurants production

Question: Consider Pat's Pizza Restaurant's production decision in both the short-run and long-run. Pat wants to improve the productivity of the firm in the long run. Explain the types of input costs that might be fixed ...

Quesiton we went to the countertop shop on saturday it has

Quesiton: We went to the Countertop Shop on Saturday. It has a nice storefront along Airport Highway and a nice showroom, too. Better than you would think looking at its current web presence. Some helpful info we got fro ...

Question write a short essay of about 750 words each on the

Question: Write a short essay of about 750 words each on the following topics: 1. What are the common defenses of protectionism? Evaluate them. 2. Explain Coase Theorem and show how it works with examples. 3. How does Ma ...

Question in the movie the day of the jackal the 1973

Question: In the movie "The Day of the Jackal" (the 1973 version, not the remake with Bruce Willis), an assassin who was looking to perform a killing that also would signal his "retirement" as a contract killer hires som ...

Question suppose that omars marginal utility for cups of

Question: Suppose that Omar's marginal utility for cups of coffee is content at 1.5 Utils per cup no matter how many cups he drinks. On the other hand his marginal utility per doughnut is 10 for the first doughnut he eat ...

Question - participate in a discussion with your classmates

Question - Participate in a discussion with your classmates regarding the Fed's economic conditions and trends within the Fed's region where you reside. Review the "EYE on Your Life" caption titled, Money Holding and Fed ...

Question consider two towns a and b where only 2 goods are

Question: Consider two towns A and B where only 2 goods are produced: pasta and smart phones. The production technology used in town A requires 2 people to produce 1 unit of pasta and 10 people to produce 1 unit of smart ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert