The marginal cost of production is 30. which product, Ask an Expert

Economics

DrugCo has two demand equations for its retail products (pain reliever and cancer):

Pain relief: P = 100-10 Q

Cancer drug: P = 200-15 Q

The marginal cost of production is $30. Which product should go to the retail market and which should go to the wholesale market? What are the corresponding retail and wholesale prices? What would happen if the sales are switched from the retail to the wholesale and vice versa?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9448361

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