Post a New Question

Managerial economics

posted by .

Suppose Nick produces to goods @ cost
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!!!

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question