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One Canadian-EU trade dispute centered on the Saskatoon Berr

Paper help Economics One Canadian-EU trade dispute centered on the Saskatoon Berr

Economics

One Canadian-EU trade dispute centered on the Saskatoon Berr

One Canadian-EU trade dispute centered on the Saskatoon Berry Product (q) sold by J.O. Sims. Suppose… Show more One Canadian-EU trade dispute centered on the Saskatoon Berry Product (q) sold by J.O. Sims. Suppose J.O. Sims sells the products in Australia and Europe, the demands in Australia and Europe are respectively given by qA = 120 – 6p and qE = 100-2p, and the total cost function is TC = 10q. Suppose further that J.O. Sims can control the quantities supplied in each market, how many should it sell in each market in order to maximize total profits? What are these profits? (Hint: J.O. Sims has two variables but the same marginal cost in both markets). • Show less

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