Consider a firm that sells desktops, D, and laptops, L. The inverse demand functions it faces for both products are
(a) What are the revenue function for desktops, RP(D, L), and for laptops, R'(D, L), and the total revenue function, R(DL)?
(b) Write the profit maximization problem the firm faces.
(c) Use the first order conditions of the problem to find the quantities of desktops and laptops supplied by the firm. Get Economics homework help today
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