ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Use the second order condition for a maximum to check whether or not the values that you have computed do represent a maximum.
Suppose that a monopolist offers two different products with demand functions
P1 = 56 – 4q1
P2 = 48 – 2q2
The monopolist's joint cost function is
C(q1, 92)
qỉ + 5q192 + qź
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Transcribed Image Text:Suppose that a monopolist offers two different products with demand functions P1 = 56 – 4q1 P2 = 48 – 2q2 The monopolist's joint cost function is C(q1, 92) qỉ + 5q192 + qź
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