Don differentiation/partial differentiation/unconstrained optA firm faces demand curves:The Total Cost (TC) function for producing Q₁ of G₁ goods and Q₂ of G₂ goods is given by:TC = 3Q2 +9Q1 +5• 7P₁+8Q₁ = 5327 for the domestic market and• 6P2+4Q2 = 3138 for the industrial market.The firm is allowed to charge different prices in the two markets.Find the values of Q₁ and Q₂ that maximise the profit П with price discrimination and give its value.Q₁ =Q₂ =II =State your answers to up to two decimal places if need be.

Third degree price discrimination occurs when a monopoly charges a different price to different…

differentiation/partial differentiation/unconstrained A firm faces demand curves: The Total Cost (TC) function for producing Q₁ of G₁ goods and Q₂ of G₂ goods is given by: 7P₁+8Q₁ 5327 for the domestic market and • 6P2+4Q2 = 3138 for the industrial market. TC = 3Q₂ +9Q1 +5 . The firm is allowed to charge different prices in the two markets. Q₁ = Find the values of Q₁ and Q₂ that maximise the profit with price discrimination and give its value. Q₂ = II 11 State your answers to up to two decimal places if need be.

differentiation/partial differentiation/unconstrained A firm faces demand curves: The Total Cost (TC) function for producing Q₁ of G₁ goods and Q₂ of G₂ goods is given by: 7P₁+8Q₁ 5327 for the domestic market and • 6P2+4Q2 = 3138 for the industrial market. TC = 3Q₂ +9Q1 +5 . The firm is allowed to charge different prices in the two markets. Q₁ = Find the values of Q₁ and Q₂ that maximise the profit with price discrimination and give its value. Q₂ = II 11 State your answers to up to two decimal places if need be.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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