Question: A monopolist s inverse demand function is estimated as P = 4 5 0 3 Q . The company produces output at two facilities; the

A monopolists inverse demand function is estimated as P =4503Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1)=2Q1, and the marginal cost of producing at facility 2 is MC2(Q2)=6Q2.
a. Provide the equation for the monopolists marginal revenue function. (Hint: Recall that Q1+ Q2= Q.)
MR(Q)=
450
6
Q1
6
Q2
b. Determine the profit-maximizing level of output for each facility.
Instructions: Round your response to two decimal places.
Output for facility 1:
45
Output for facility 2:
15
c. Determine the profit-maximizing price.
Instructions: Round your response to the nearest penny (two decimal places).
$
270

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