First Computational Exam: Profit Max and Multi-markets Problem #1 Let: TC = 4 + 6q + .4q 2 P = 20 - .04q Using solver find the profit max P and Q Show you work in a single spreadsheet not just...

First Computational Exam:

Profit Max and Multi-markets

Problem #1

Let: TC = 4 + 6q + .4q²

P = 20 - .04q

Using solver find the profit max P and Q Show you work in a single spreadsheet not just answers.

Problem #2

Assume two markets

Market 1:

Q¹
_d
= 10 -2P₁
+ 4P₂
and Q¹
_s
= 5 + 2P₁

Market 2:

Q²
_d
= 40 +4P₁
-2P₂
and Q²
_s= 4P₂

Find: The multi-market equilibrium P and Q for both markets. Show your work not just answers.

Use the same spreadsheet as in Problem #1.

Due Sunday night 2/17 by midnight. Upload in “activities” then “assignments” in D2L under “Computation Exam Markets/Profit”.