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# Answer to Question #7752 in Economics of Enterprise for Gilbert

Question #7752
A small firm traps rabbits for their fur and feet. Each rabbit yields one pelt and two feet (only the hind feet are suitable for the &quot;lucky rabbit&#039;s feet&quot;). The demand for pelts is: PP = 2.00 - 0.001QP and the demand for rabbit&#039;s feet is given by: PF = 1.60 - 0.001QF The marginal cost of trapping and processing each rabbit is \$0.60. a. What are the profit-maximizing prices and quantities of pelts and rabbit&#039;s feet b. the quantities of pelts and rabbits feet
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2016-01-26T10:43:17-0500

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Assignment Expert
26.01.16, 16:44

Dear Sir, thank you for your comment.

Hameed
20.01.16, 08:20

Assignment Expert please take note. Mathematics in this answers is all wrong. Correct it. Thanks.