Answered: Faced with two distinct demand…

Faced with two distinct demand functions Q1=16-0,4P1 and Q2=20-0,1P2 where TC=100+20Q with Q=Q1+Q2.What price will the firm charge without discrimination? A)P= 16 B)P=36 C)P=26 D)P=46

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 9SQ

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Question

Faced with two distinct demand functions Q₁=16-0,4P_{1 and}Q₂=20-0,1P₂ where TC=100+20Q with Q=Q₁₊Q₂.What price will the firm charge without discrimination?

A)P= 16

B)P=36

C)P=26

D)P=46

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