What is the profit maximizing quantity, Microeconomics

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What is the profit maximizing quantity

A manager faces two separate markets (A and B) for the same product. The estimated demand functions are given below:

Qa = 2000 - 100 Pa
Qb = 3000 - 125 Pb

Now assume that the manager can produce any amount of the product at a MC of $10 per unit, what is the profit maximizing quantity that should be offered to Group B?

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Microeconomics: What is the profit maximizing quantity

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Microeconomics: What is the profit maximizing quantity

Reference No:- TGS075926

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Recent Questions Asked Microeconomics

Q : Explain is measure stabilizing or destabilizing

Q : Calculate harolds annual rate of return

Q : New program for executives

Q : Allocate the joint costs using sales value at split off

Q : What is the profit maximizing quantity

Q : Criteria for evaluating effective team

Q : Assignment to review the hrm practices

Q : Journal entry of a subordinate group member

Q : What price should be charged

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the profit maximizing quantity

Reference No:- TGS075926

Recent Questions Asked Microeconomics

Q : Explain is measure stabilizing or destabilizing

Q : Calculate harolds annual rate of return

Q : New program for executives

Q : Allocate the joint costs using sales value at split off

Q : What is the profit maximizing quantity

Q : Criteria for evaluating effective team

Q : Assignment to review the hrm practices

Q : Journal entry of a subordinate group member

Q : What price should be charged

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