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?

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Paramjeet ChawlaLv8

28 Sep 2019

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