Determine estimated demand functions


A manager faces two separate markets (A and B) for the same product. The estimated demand functions are given below:

Qa = 2000 - 100 Pa
Qb = 3000 - 125 Pb

Now assume that the manager can produce any amount of the product at a MC of $10 per unit, what price should be charged to Group A?

Do NOT include any letter or symbols in your answer, such as commas, dollar signs, or percentage signs, in your answer. The computer will mark your answer incorrect if any of these symbols are present. Only use a decimal point or negative sign, as needed, in your answer. If there is a negative sign, do NOT leave a space between it and the number.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Determine estimated demand functions
Reference No:- TGS075996

Expected delivery within 24 Hours