Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. will upvote! if you can include the optimal pric

will upvote! if you can include the optimal price for domestic market and...

80.2K

Verified Solution

Question

Accounting

will upvote!
if you can include the optimal price for domestic market and quantity sold for foreing markets, that would be nice too! tyy image
Suppose that you have one domestic production facility that supplies both the domestic and foreign markets. Assume that the demand for your product in the domestic market is Q=2,0002P and in the foreign market, demand is given by Q= 2,000P. Assume that your domestic marginal cost of production is 300 . The initial real exchange rate is 1 . What is the optimal quantity sold in the domestic market? 710 675 650 700 None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students