(2x+1) -2 = (2x-1) -2 solve
2 answers:
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Answer:
The monopolist's net profit function would be:
Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:
P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):
Answer:
and
Step-by-step explanation:
Given:
Equation 1:
Simplifying the above equation by dividing both sides by 100
Equation 2:
Simplifying the above equation by dividing both sides by 400.
Now the system of equation is:
(1a)
(2a)
Solving by elimination
Multiplying equation (2a) with
(2b)
Adding equations (1a) and (2b) in order to eliminate
+
We get
∴
Plugging in equation (2a).
Adding both sides.
∴
