Economist Interview Questions

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The firm sells two products (labelled 1 and 2). The demand, q1,q2, for each product is a function of prices p1, p2, that the firm sets, given by the relationships: q1 = 110 - 4p1 - p2 q2 = 90 - 2p1 - 3p2 Determine the prices that maximise the total revenue the firm can earn.

Economist

Interviewed at DotEcon Ltd

4.4
Oct 9, 2023

The firm sells two products (labelled 1 and 2). The demand, q1,q2, for each product is a function of prices p1, p2, that the firm sets, given by the relationships: q1 = 110 - 4p1 - p2 q2 = 90 - 2p1 - 3p2 Determine the prices that maximise the total revenue the firm can earn.

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