Ferdinand Sludge has just written a disgusting new book, The Piggery. His publisher, Graw McSwill, e

Relax! Stop worrying about deadlines and let our professional writers help you. Hire an essay writer helper and receive a professional assignment before your deadline. We provide writing services for all types of academic assignments.


Order a Similar Paper Order a Different Paper

Ferdinand Sludge has just written a disgusting new book, The Piggery. His publisher, Graw McSwill, estimates that the demand for this book in the United States is Q1 =50,000 – 2,000P1, where P1 is the price in the U.S. measured in U.S. dollars. The demand for Sludge’s opus in England is Q2 = 10, 000 – 500P2, where P2 is its price inEngland measured in U. S. dollars. His publisher has a cost function C(Q) = $50, 000 + $2Q, where Q is the total number of copies of The Piggery (Q1 + Q2) that itproduces.
a. If McSwill must charge the same (uniform) price in both countries the find profit maximizing (Q) quantity and price and the associated profit.
b. Find the own price elasticity of substitution in each market at the uniform price.
c. If McSwill charges a different (third degree price discrimination)price in each country and wants to maximize profits, how many copies should it sell in the UnitedStates and at what price? Also, how many copies should it sell in England and at what price? How much is the total profit

Great students hand in great papers. Order our essay service if you want to meet all the deadlines on time and get top grades. Professional custom writing is the choice of goal-focused students. Word on the online streets is... we're simply the best!

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper