Answer to Question #309279 in Math for Geki

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

It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order