Find the profit maximizing level of outputs for a firm producing single prsoduct that is sold in two distinct markets when it does and does not discriminate. The functions are: q1=42-0.2p1 q2=100-0.8p2 C=4000+20Q Where Q=q1+q2
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Find the profit maximizing level of outputs for a firm producing single prsoduct that is sold in two distinct markets when it does and does not discriminate. The functions are: q1=42-0.2p1
q2=100-0.8p2
C=4000+20Q
Where Q=q1+q2.
Answer Q1=19units and Q2= 42units