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Find the profit maximizing q1 and q2

Assignment Help Macroeconomics
Reference no: EM13335208

P1=122-4Q1

P2=97-3Q2

TC=10+10Q1+7Q2+3Q1^2+2Q2^2

a. Find the profit maximizing Q1 and Q2.

b. Using the above equations, impose the restriction Q1=2Q2. Find the profit maximizing Q1 and Q2 using the substitution technique.

Reference no: EM13335208

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