Transcribed Image Text: The demand functions for q, and qg units of two related products, A and B, are given

Transcribed Image Text: The demand functions for q, and qg units of two related products, A and B, are given. Assume pa and pR are in dollars.
600
= 7000 – 30PA
Рв + 2
800
+
800
16,000
РА + 3
Рв + 3
(a) Find the marginal demand of qa with respect to paA:
-3
(b) Find the marginal demand of qA
with respect to Pg.
1
(Po +2)
apB
2
(c) Find the marginal demand of q, with respect to p3.
-1
(Po+3) | ×
ap B
PA
(d) Find the marginal demand of q, with respect to
9be
aPA
(e) Are the two goods competitive or complementary?
They are competitive.
They are complementary.
Need ?
Watch It
Read It

-25-


Buy plagiarism free, original and professional custom paper online now at a cheaper price. Submit your order proudly with us



Essay Hope