Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nakungth nakungth
wrote...
Go to Answer
Posts: 1175
Rep: 3 0
6 years ago
There are two types of consumers of High Definition Television (HDTV) sets.  The first type of consumer is highly eager to purchase the sets.  Their demand is
  = 60,000 - 10P  P = 6,000 - 0.1 .   The resulting marginal revenue function is
MR(QI) = 6,000 - 0.2 QI.   After the first month the HDTV sets are on the market, the first-type demand goes to zero at any price.  The second type of consumer is more sensitive to price and will be the same one month after the sets are on the market.  Their demand is
  = 300,000 - 100P  P = 3,000 - 0.01 .   The resulting marginal revenue function is
MR(QII) = 3,000 - 0.02 QII.   Suppose that the marginal cost of producing HDTV sets are constant at $200.  What pricing strategies might the manufacturer of HDTV sets consider to maximize profits?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 57 times
1 Reply
Replies
Answer verified by a subject expert
boransalboransal
wrote...
#1
Posts: 477
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 130 words.
1

Related Topics

nakungth Author
wrote...

6 years ago
This site is awesome
Loruiz15
wrote...

Yesterday
Correct Slight Smile TY
kobbhy
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1251 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 290
  
 267
  
 208
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: What's your favorite coffee beverage?