Wednesday
October 1, 2014

Homework Help: Managerial economics

Posted by Patrick on Saturday, September 22, 2007 at 5:25pm.

Suppose Nick produces to goods @ cost
C(q1,q2)=1000=.5q1^2+.5q2^2->5q1q2
If nick produces only one of he two goods his cost is given this cost function with the other good set = to 0.
The inverse demand functions for the two goods are given by
p1=a-.25q1 and p2=A-.05q2 a=17 A=10
How much more of good one does nick produce to maximize profits when he optimally produces both goods than when he produces only one?


Need help setting up and solving Please!!!

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Managerial economics - Posted by Patrick on Saturday, September 22, 2007 at 5:...
Mangerial Economics - Consider a Cournot duopoly with the following inverse ...
Managerial Econ - You are the manager of a firm which produces according to the ...
economics - Suppose a firm produces output using the technology Q=K1/3 L2/3 Find...
Economics - An increase in the price of a good A.increases the opportunity cost ...
CALCULUS ECONOMICS - Consider an oligopolistic market with two firms. Each of ...
Econ - At Nick's Bakery, the cost to make his homemade chocolate cake is $3 per ...
algebra - URGENT! How do you calculate for marginal cost against fixed cost. E.g...
Economics - Can you tell me please if my answer is right to the following ...
Economics - adam smith supported three different views of theory of value (are ...

Search
Members