A monopolistrsquos inverse demand function is p 150 ndash, Ask an Expert

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A monopolist’s inverse demand function is P = 150 – 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the marginal cost of producing at facility 2 is MC2(Q2) = 2Q2. a. Provide the equation for the monopolist’s marginal revenue function. (Hint: Recall that Q1 + Q2 = Q.) MR(Q) = - Q1 - Q2 b. Determine the profit-maximizing level of output for each facility. Output for facility 1: Output for facility 2: c. Determine the profit-maximizing price. $

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91954325

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