Determine how many stones will it sell in los angeles, Microeconomics

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Determine how many stones will it sell in los angeles

Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 6(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 50 - PSF. If Gliberace cannot price discriminate between the two cities, and so charges the same price in each, how many stones will it sell in Los Angeles? what will be that price? how much profit will the firm make?

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Microeconomics: Determine how many stones will it sell in los angeles

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Microeconomics: Determine how many stones will it sell in los angeles

Reference No:- TGS0516312

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What will occur to demand-price and profit in long run

Q : Securities acts of 1933 and 1934

Q : Layout of a producing facility

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine how many stones will it sell in los angeles

Reference No:- TGS0516312

Recent Questions Asked Microeconomics

Q : What will occur to demand-price and profit in long run

Q : Securities acts of 1933 and 1934

Q : Layout of a producing facility

Q : Proposal for appropriate controls to cover purchasing

Q : Determine how many stones will it sell in los angeles

Q : Operations strategy could dell be attempting

Q : The discussion board is part of the core of online learning

Q : Justifying the need for the system

Q : Benefits of using perpetual inventory management system

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