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magentacod49Lv1
28 Sep 2019
The inverse demand for a monopoly's product is P=92-5Q, where Q=Q1+Q2. The marginal cost of producing in the two plants is MC1=2Q1 and MC2=6Q2.
a) How much output should be produced in each plant?
b) What is the firm's profit maximizing price?
The inverse demand for a monopoly's product is P=92-5Q, where Q=Q1+Q2. The marginal cost of producing in the two plants is MC1=2Q1 and MC2=6Q2.
a) How much output should be produced in each plant?
b) What is the firm's profit maximizing price?
Paramjeet ChawlaLv8
28 Sep 2019