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What is the profit maximizing outputs produced

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Reference no: EM132265813

Multiplant monopoly problem: Assume the firm has two plants with the following marginal cost functions:

MC1= 20 + 2Q1

MC2= 10 + 5Q2

Assume that the inverse demand curve is P = 500-Q.

a) What is the profit maximizing outputs produced in each plant?  Show your work.

b) What is the profit maximizing price?  Show your work.  

c) What is the maximum profit?

Reference no: EM132265813

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