To what extent is to greek proverb happiness is the full, Ask an Expert

Economics

Q. To what extent is to greek proverb "Happiness is the full utilization of your capacities along lines of excellence." similar and different from the traditional definition of economics?

Q. Suppose a monopoly firm sells a product in two markets with demand curves
P1 = 300 - 0.5Q
P2 = 200 - 0.5Q2
and total cost function is TC = 22000+100Q
in order to maximize profits
(a) What price he should charge in two markets?
(b) What quantities be should sell in the two markets?
(c) What are price elasticities in these two markets?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9270955

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