107 728
Assignments Done
100%
Successfully Done
In April 2024
In April 2024
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming
Answer to Question #71229 in Microeconomics for Mensah Gerrard Kobina
Question #71229
Suppose a monopoly can produce any level of output it wishes at a constant marginal and average cost of $5 per unit. Assume the monopoly sells its good in two separate markets. The demand curve of the first market is q1= 55-p1 and the demand curve of the second market is q2= 70-2p2
Expert's answer
P1=55-q1
TR1=55q1-q1*q1
MR1=55-2*q1
55-2q1=5
Q1=25
P1=55-25=30
P2=35-0.5q2
TR2=35q2-0.5q2*q2
MR2=35-q2
5=35-q2
Q2=30
P2=35-0.5*30=20
Learn more about our help with Assignments: Microeconomics
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
#340153 on Dec 2023
#340153 on Dec 2023
Comments
Dear Joshua, you are right. Thank you for your comment.
I think you messed up the final equation because you forgot to divide the equation by 2 when you solved for P2. P2=35 -.5Q2 = 35 - .5(30) = 20
Leave a comment