3 A producer has the possibility ofdiscriminating between the domestic andforeign market for a product where thedemands respectively are:Q₁ = 20 -0.2P₁Q2 = 13.5 -0.25P2Total cost=45+30Q, where Q= Q₁+Q2a) What price will the producer charge inorder to maximize profits?With discrimination betweeni)marketsii)markets.b) Compare the profit differential betweendiscrimination and non-discrimination.Round all intermediate and final answers tothe nearest cent, 2 d.p.i)Market 1Q₁=20-0.2P₁1. TR₁=Q₁-Q₁²2. MR₁=Q₁3. MC=4. Q₁=5. P₁=$Without discrimination between6. TRIMAX= $7. TC=$TPmax=$Market 2Q2=13.5-0.25P₂TR₂=Q₂-Q₂²MR₂=Q₂MC=Q₂ =P₂=$TR2MAX= $SAME8. Combined TRmax= $ SAMEii) Without price discrimination:↑ ii) Without price discrimination:Use fractions in reduced form, if not terminatingdecimals.Q=P can use decimalsP=Q use fractions in reduced form1.TR=Q-Q²2.MR=Q3. MC=4. Q=5. P=$round to the nearest cent6. TRmax=$round to the nearest cent7. TC=$8. TPmax=$round to the nearest centb) Compare the profit differential betweendiscrimination and non-discrimination.Round all intermediate and final answers to thenearest cent, 2 d.pProfit differential between discrimination and non-discrimination: $

Given Domestic demand function: Q1=20-0.2P1 ... (1.1) Foreign demand function:…

A producer has the possibility of discriminating between the domestic and foreign market for a product where the demands respectively are: Q₁ = 20 -0.2P₁ Q2 = 13.5-0.25P2 Total cost= 45+30Q, where Q= Q₁+Q₂ a) What price will the producer charge in order to maximize profits? With discrimination between i) markets ii) Without discrimination between markets. b) Compare the profit differential between discrimination and non-discrimination.

A producer has the possibility of discriminating between the domestic and foreign market for a product where the demands respectively are: Q₁ = 20 -0.2P₁ Q2 = 13.5-0.25P2 Total cost= 45+30Q, where Q= Q₁+Q₂ a) What price will the producer charge in order to maximize profits? With discrimination between i) markets ii) Without discrimination between markets. b) Compare the profit differential between discrimination and non-discrimination.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

PLS HELP ASAP ON BOTH
User passwords for the mainframe at a finance firm consists of five letters followed by two numbers. How many different passwords are possible? a. 33,153,120,000 Ob. None of these Oc. 1,188,137,600 Od 657,800 e. 7,893,690
‎‏(Stakeholders )of a company can include A-customers B.shareowners C- employees d -all the above
69-70
I need help with HW.
1
Individual factor and situational factor for samsung sustainability
I need answer typing clear urjent no chatgpt used i will give upvotes full explanation
Q4/ A factory for the production of ceiling fans employs 500 labors with an annual productivity 80 per unit/per year. If the standard production is 200 ceiling fan, Calculate the number of fans produced and the extent of production efficiency.
3)
Pls help ASAP
Discussing the working of Multipier explain its leakages