Universal Widget produces high-quality widgets at its plant in Gulch, Nevada, for sale throughout the world. The cost function for total widget production (q) is given by total cost = 0.25q 2. Widgets are demanded only in Australia (where the demand curve is given by 11eb773e_d15f_b4df_adfc_e95a8ec792c4_SM3017_11 and Lapland (where the demand curve is given by q L = 100 - 4P L ); thus, total demand equals 11eb773e_d15f_b4e0_adfc_d92847e3a521_SM3017_11 . If Universal Widget can control the quantities supplied to each market, how many should it sell in each location to maximize total profits? What price will be charged in each location?

Microeconomic Theory 11th Edition by Walter Nicholson,Christopher Snyder

النسخة 11الرقم المعياري الدولي: 978-1111525538

Microeconomic Theory 11th Edition by Walter Nicholson,Christopher Snyder

النسخة 11الرقم المعياري الدولي: 978-1111525538

تمرين 2

Universal Widget produces high-quality widgets at its plant in Gulch, Nevada, for sale throughout the world. The cost function for total widget production (q) is given by
total cost = 0.25q 2.
Widgets are demanded only in Australia (where the demand curve is given by

and Lapland (where the demand curve is given by q L = 100 - 4P L ); thus, total demand equals

. If Universal Widget can control the quantities supplied to each market, how many should it sell in each location to maximize total profits? What price will be charged in each location?

التوضيح

موثّق

It is given that the cost function of th...