Suppose the monopolist’s demand curve, the total cost of plant 1, and the total cost of plant 2 are as follows:

      

Suppose the monopolist’s demand curve, the total cost of plant 1, and the total cost of plant 2 are:
p = 100 – 0.5Q
C1 = 10Q1
and
C2 = 0.25Q2 2,respectively

a) Calculate the profit-maximizing output for each plant.
b) Calculate the profit and the price.

  

Answers


Wilfred
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Wilfykil answered the question on March 20, 2019 at 11:52


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