the only bakery in a small town has a market demand curve given by : P=10-0.01Q

where P is the price of loaf of bead and Q is the quantity demanded  The bakery has a constant marginal cost of 4 per loaf. And MC=ATC=4

a) determine its ouput and price (这个会）

b) In a bid to increase profits, the bakery decides to change its pricing. the new pericing schedule charges the same price per loaf as determined in (a) for up to 3 loaves and $5 for each additional loaf purchased beyond 3. How many loaves of bead will the bakery sell now?

What is the profit of the bakery under the new pricing?

[此贴子已经被作者于2009-4-23 11:02:53编辑过]