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Author Question: Suppose the market demand curve is P = 40 - 2Q and the constant marginal cost of production is MC = ... (Read 168 times)

wenmo

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on: Jul 1, 2018
Suppose the market demand curve is P = 40 - 2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?
 
  A) Q = 5
  B) Q1 = 5 - Q2
  C) Q1 = Q2 = 5
  D) Q1 = 40 - Q2

Question 2

Bundling raises higher revenues than selling the goods separately when
 
  A) demands for two goods are highly positively correlated.
  B) demands for two products are mildly positively correlated.
  C) demands for two products are negatively correlated.
  D) there is a perfect positive correlation between the demands for two goods.
  E) the goods are complementary in nature.


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nickk12214

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


wenmo

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Reply 2 on: Jul 1, 2018
Wow, this really help

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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