Identify the quantity of chicken breasts

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Question: Consumers view chicken thighs and chicken breasts as distinct products. However, poultry farmers must produce chicken thighs in order to produce chicken breasts, and vice versa. The graph below depicts the separate demand curves for chicken thighs and chicken breasts. There is a joint supply curve that represents to combined supply for chicken products.

Without calculus please solve step by step...

a. Identify the quantity of chicken thighs that poultry farmers will sell, and the per-unit price that they will charge for chicken thighs. Hint: This requires that you construct a third demand curve.

b. Identify the quantity of chicken breasts that poultry farmers will sell, and the per-unit price that they will charge for chicken breasts.

Reference no: EM133447883

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