Qconsolidated salt company sells table salt to both retail

Assignment Help Business Economics

Reference no: EM13355201

Q. Consolidated Salt company sells table salt to both retail grocery chains and commercial users (e.g. bakeries, snack food makers, etc). The demand function for each of these markets is:

Retail grocery chains: P1= 180 - 8Q1
Commercial users: P2= 180 - 4Q2

Where P1 and P2 are the prices charged and Q1and Q2 are the quantities sold in the respective markets. Consolidated Company's total cost function (which includes a "normal" return to the owners) for salt is:

c. Assuming that consolidated is required to charge the same price in each market, Illustrate what are the profit-maximizing price and output levels? Illustrate what is Consolidated Company's total profit under this condition?

Reference no: EM13355201

Questions Cloud

Q1 what is the fundamental frequency of a 030 m long organ : q1. what is the fundamental frequency of a 0.30 m long organ pipe that is closed at one end when the speed of sound in

Q1 a demented scientist creates the new temperature scale : q1. a demented scientist creates the new temperature scale the z scale. he decides to call the boiling point of

Q1 arc-bot technologies manufacturers of six-axis electric : q1. arc-bot technologies manufacturers of six-axis electric servo-driven robots has experienced the cash flows blow in

Q a 0500 rm kg glider on an air track is attached to the : q. a 0.500 rm kg glider on an air track is attached to the end of an ideal spring with force constant 459 rm nrm m it

Qconsolidated salt company sells table salt to both retail : q.consolidated salt company sells table salt to both retail grocery chains and commercial users e.g. bakeries snack

Q1 a hockey player makes a slap shot exerting a constant : q1. a hockey player makes a slap shot exerting a constant force of 30.4 n on the hockey puck for 0.12 s. what is the

Qrecently there has been great controversy about some state : q.recently there has been great controversy about some state governments attempting to use eminent domain to tear down

Q1 a car moving with an initial velocity of 27 ms slows : q1. a car moving with an initial velocity of 27 ms slows down at a constant rate of -2 ms2 for 3 seconds what distance

Qunits of labor marginal revenueproduct0 na1 302 243 184 : q.units of labor marginal revenueproduct0 na1 302 243 184 155 126 10assume a firm is a monopsonist that can hire its

User Account

All Pages