ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Two local ready-mix cement manufacturers, H and T, have combined demand given by Q = 105 − P.

Their total costs are given by

TCH = 5QH + 0.5QH^2, and

TCT = 5QT + 0.5QT^2.

If they successfully collude, what is their maximum joint profits?

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