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(Solved) Ifboth Ben and Will charge $1 per smoothie, how many will each of them sell in a day? If Ben charges $1 per smoothie and Will charges $1.40, how many...


Ifboth Ben and Will charge $1 per smoothie, how many will each of them sell in a day? If Ben charges $1 per smoothie and Will charges $1.40, how many smoothies will each sell in a day? . If Ben charges $3 per smoothie what price would enable Will to sell 250 smoothies per day? 500 smoothies per day? 750 smoothies per day? 1000 smoothies per day? If Ben charges P1 and will charges P2, what is the location of the customer who is indifferent between going to Ben's and going to Will's? How many customers go to Will's store and how many go to Ben's store? What are the demand functions that face Ben and Will? . Rewrite Ben's demand function with P1 on the left-hand side. What is Ben's marginal revenue function? . Assume that the marginal cost ofa smoothie is constant and equal to $1 for both Ben and Will. In addition, each of them pays Tuftsville $250 per day for the right to sell smoothies. Find the equilibrium prices, quantities sold, and profits.
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