Profit maximizing price level

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Reference no: EM1370041

2. Your corporation sells its product online and in stores. Your marginal cost $30 is the same in both markets. The demand and marginal revenue curves in the two markets are different however.
Qonline = 1,000-2 Ponline
MRonline = 500-Qonline

Qstores = 200-Pstores
MRstores = 200-2 Qstores

2.1 What is the profit maximizing price level in each market?
Online
Stores

2.2 At those prices, what output is sold in each market?
Online
Stores

2.3 Which market has a more elastic demand?

Reference no: EM1370041

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