Economics

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The Andrews Corporation produced satellite dishes, was purchased by another compay, which was a cable company: The Total Cost function for the New Company is: TC = 1,000 + 16Q – 16Q2, where the demand curve for Satellite Dishes is PS = 400 – QS and that for the cable component of the firm is PC = 300 – 3QC.

1. Determine the production requirements for each product of the multi-product firm, which should be produced each period.

2. What price should be charged for each product?

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