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Category > Computer Science Posted 22 May 2017 My Price 5.00

Calculate profit-maximizing sales quantities and prices for silver and lead.

Joint Product Pricing. Each ton of ore mined from the Baby Doe Mine in Leadville, Colorado, produces 1 ounce of silver and 1 pound of lead in a fixed 1:1 ratio.

Marginal costs are $10 per ton of ore mined. The demand and marginal revenue curves for silver are

and the demand and marginal revenue curve for lead are

where QS is ounces of silver and QL is pounds of lead.

A. Calculate profit-maximizing sales quantities and prices for silver and lead.

B. Now assume that wild speculation in the silver market has created a fivefold (or 500%) increase in silver demand. Calculate optimal sales quantities and prices for both silver and lead under these conditions.

 

Answers

Alpha Geek
(8)
Status NEW Posted 22 May 2017 03:05 PM My Price 5.00

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file 1495466071-Answer.docx preview (168 words )
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