ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Figure: Insulin Prices

Suppose a major insulin manufacturer sells in two markets, the U.S.A. and Mexico. If the marginal cost is the same in both markets, to maximize profits, it would charge _______ in the U.S.A. and _________ in Mexico.

 

Group of answer choices
$3700, $600
$50, $50
$3650, $550
$600, 3700
Insulin Prices
Price
$3,700
$50
U.S.A
100
MR
300
Demand
Price
Quantity
$600
MC=AC $50
300
Mexico
MR
450
Demand
MC=AC
Quantity
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Transcribed Image Text:Insulin Prices Price $3,700 $50 U.S.A 100 MR 300 Demand Price Quantity $600 MC=AC $50 300 Mexico MR 450 Demand MC=AC Quantity
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