A monopolist produces the same product at two factories. The cost functions for each factory are as

Question:

A monopolist produces the same product at two factories. The cost functions for each
factory are as follows:

The demand function for the good is
P = 100 − 2Q
where Q = Q₁ + Q₂. Find the values of Q₁ and Q₂ which maximise profit.

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Related Book For answer-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 09:39 AM

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A monopolist produces the same product at two factories. The cost functions for each factory are as

Question:

TC, = 8Q, and TC, = Q

Step by Step Answer:

TRPQ 10020Q10002010092a 9 1000100020204902 Hence TRTC1000 10002020490 89 ...View the full answer

Mathematics for Economics and Business

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