Determine the profit-maximizingLOADING... prices when a firm faces two markets where the inverse demand curves are Market A: p Subscript Upper Aequals80minus2Upper Q Subscript Upper A, where demand is less elastic, and Market B: p Subscript Upper Bequals60minus1Upper Q Subscript Upper B, where demand is more elastic, and Marginal Costequalsmequals20 for both markets.

Market A:

Market B:

Explanation:

Market A: ........................ (1)

Market B: ........................ (2)

MC = m = 20 ............................................... (3) for both markets

For Market A:

Profit maximizing price can be obtained when  

Therefore, we have:

Substituting 50 for in equation (1), we have:

For Market B:

Profit maximizing price can be obtained when  

Therefore, we have:

Substituting 80 for in equation (2), we have:

it was decent, could have been a little better.. how bout you lol.

the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.