Gliberace’s Fashion Accessories of Las
Vegas produces gem-stone encrusted formal wear for sale in Los
Angeles and San Francisco subject to total cost TC = 100 + 6(QLA +
QSF). Demand for Gliberace’s stones in the two cities is given by
QLA = 70 – 2PLA and QSF = 50 – PSF. If Gliberace cannot price
discriminate between the two cities, and so charges the same price
in each, how much profit will the firm make?

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Answer

$867

$827

$538

$767

$727

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