Answer to Question #325317 in Macroeconomics for komal

Question

A monopolist operates under two plants, 1 and 2. The marginal costs of the two plants 

are given by 

MC1 = 20 + 2Q1 and MC2 = 10 + 5Q2

where Q1 and Q2 represent units of output produced by plant 1 and 2 respectively. If the 

price of this product is given by 20 – 3(Q1 + Q2), how much should the firm plan to 

produce in each plant, and at what price should it plan to sell the product?

Answer 1

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