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October 22, 2014

Homework Help: Economics

Posted by Carol on Tuesday, March 20, 2012 at 10:52pm.

If a firm supplies separable markets with price elasticities h1 = -3 and h2 = -2, it should set prices P1 and P2 so that:


a.2/3P1 = 1/2P2
b.3P1 = 2P2
c.2P1 = 3P2
d.P1 = P2
e.2P1 = 2/3P2

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