Ketmoree, G St Wunderbar and Red 88 Noodle bar, all located within a short distance on G Street are the three players in this problem, and we will call them A, B and C respectively. Suppose that they would benet from security lights in the parking lot according to the following demand functions: PA = 65 − Q, PB = 45 − 3Q, PC = 20 − 2Q for A, B, and C, respectively. If security lights cost $60 each, in other words market supply is p = 60, what is the socially ecient quantity of lights? How many security lights will be purchased if each store buys its own lights?

Respuesta :

Answer:

Explanation:

The question is a part of management accounting in which you have to establish the real cost (cost accounting) associated Ketmoree, G St Wunderbar and Red 88 Noodle bar in respect to the quantity of security lights to be purchased.

The full graphical diagram and step by step solution to this question can be seen in the attached image below.

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Ver imagen temmydbrain