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PQR Ltd is the sole supplier of electricity in your country. It supplies electricity to two separate consumers, namely (i) industrial and commercial users and...

      

PQR Ltd is the sole supplier of electricity in your country. It supplies electricity to two separate consumers, namely (i) industrial and commercial users and (ii) domestic users. The company is able to charge different prices or tariffs to these two consumers. Suppose the PQR Ltd‟s total cost of producing electricity is given by the following cost function:

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Determine The output produced and how much of this output will be sold in each market if PQR Ltd is to maximize profits?

  

Answers


Wilfred
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Wilfykil answered the question on February 7, 2019 at 09:12


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