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April 20, 2014

Homework Help: Economics

Posted by Anonymous on Thursday, May 6, 2010 at 11:18am.

A two product monopolist faces the demand and cost functions as below:

Q1=40-2(P1)-(P2) Q2=35-(P1)-(P2) C=(Q1)^2+2(Q2)^2+10


a) Find the profit maximizing levels of output and the price charged for each product.

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