Essay
An electric utility is going to use a block-pricing schedule.They plan to charge P1 for the first Q1 units and P2 for the subsequent units.The units sold at P2 are the total units sold,Q2,minus the total units sold at P1.The inverse demand curve is P = $100 - Q,and the marginal and average cost is $40.Use calculus to solve for P1,P2,Q1,Q2.
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The profit equation for this utility is ...View Answer
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