ar's satellite company broadcasts IV to subscribers in LOS Angeles and New York. The demand functions for each of these two groups are: QNY = 60 - 0.25PNY QLA = 100 – 0.5PLA here Q is in thousands of subscriptions per year and P is the subscription price per year. The cost of providing Q units of service is given by C = 1000 + 40Q where Q = QNY + QLA: . What are the profit-maximizing prices and quantities for the New York and Los Angeles markets? (round all answers to two decimal places) In New York, the equilibrium quantity is subscribers at an equilibrium price of $ While in Los Angeles, the equilibrium quantity is subscribers at an equilibrium price of $
ar's satellite company broadcasts IV to subscribers in LOS Angeles and New York. The demand functions for each of these two groups are: QNY = 60 - 0.25PNY QLA = 100 – 0.5PLA here Q is in thousands of subscriptions per year and P is the subscription price per year. The cost of providing Q units of service is given by C = 1000 + 40Q where Q = QNY + QLA: . What are the profit-maximizing prices and quantities for the New York and Los Angeles markets? (round all answers to two decimal places) In New York, the equilibrium quantity is subscribers at an equilibrium price of $ While in Los Angeles, the equilibrium quantity is subscribers at an equilibrium price of $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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