My Math Forum Monopoly profits

 Economics Economics Forum - Financial Mathematics, Econometrics, Operations Research, Mathematical Finance, Computational Finance

 November 12th, 2013, 10:00 AM #1 Newbie   Joined: Oct 2013 Posts: 25 Thanks: 0 Monopoly profits Hey guys, Can someone help me to compute the monopoly profits of the following situation. - 2 products - 2 demand functions given by; * P(1)= 60 - Q(1) - 0.5Q(2) * P(2)= 60 - Q(2) - 0.5Q(2) - Cost are 0 Is it correct that I should use: MC=MR MC=0 MR= P(1) * Q(1) + P(2) * Q(2) ?? FOC ?? Thanks for helping me out. Last edited by skipjack; April 24th, 2014 at 04:44 PM.
 April 25th, 2014, 05:17 AM #2 Global Moderator   Joined: Dec 2006 Posts: 20,613 Thanks: 2071 Is the first equation (with a term involving Q(2)) given correctly? I don't understand why you asked about "MC = MR"; was that a typing error?
April 25th, 2014, 06:16 AM   #3
Global Moderator

Joined: Nov 2006
From: UTC -5

Posts: 16,046
Thanks: 938

Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms
Quote:
 Originally Posted by skipjack I don't understand why you asked about "MC = MR"
Marginal consumption = marginal revenue, I imagine.

 Tags monopoly, profits

 Thread Tools Display Modes Linear Mode

 Similar Threads Thread Thread Starter Forum Replies Last Post Isaikk Economics 1 February 21st, 2014 12:08 PM noob2themax Calculus 3 June 21st, 2011 10:21 PM fingerbang Advanced Statistics 1 January 20th, 2008 02:29 PM smoothwhyte Algebra 7 September 16th, 2007 03:38 PM Pvunderink Algebra 0 December 31st, 1969 04:00 PM

 Contact - Home - Forums - Cryptocurrency Forum - Top