What is optimal price and quantity for markets

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You are moving aluminum from the mill to to 2 different markets. Measure for the 2 mills are measured as: Qa=10,000-40Pa and Qb=8000 - 60Pb, Qa=quantity in market A, Qb=quantity in market B. P= price charged, Assume marginal cost=$75 per unit a. What is optimal price & quantity for markets? What is the total revenue? b. The goal is to maximize profit, determine optimal prices, quantities, revenues, and profits in the markets.

Reference no: EM131003377

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