Economics Homework Help

The table above shows a split market with two demand curves. D1=8-Q and D2=14-1.5Q. The firm has a consistent

marginal cost of $2 and fixed costs of $10. What is the profit maximizing quantity?

ATCMCTRITR3MR8.00 14.0010.000.000.007.00 12.5012.002.007.0012.506.0011.006.0011.0014.002.0012.0022.004.008.005.009.5016.002.0015.0028.502.005.004.008.0018.002.0016.0032.000.002.0053.006.5020.002.0015.0032.50-2.00-1.0062.005.0022.002.0012.0030.004.004.001.003.5024.002.007.0024.506.00-7.008 0.00 2.0026.00 2.000.0016.008.00-10.00Question 11.The table above shows a split market with two demand curves: D, = 8 – Q and D. = 14 – 1.5Q. The firmhas a consistent marginal cost of $2 and fixed costs of $10. What is the profit-maximizing quantity?a) 0b) 1c) 2d) 3e) 4F) 5g) 6h) 78i) None of the abovek) Impossible to know