Question: A monopolists inverse demand function is estimated as P = 3 5 0 2 Q . The company produces output at two facilities; the marginal
A monopolists inverse demand function is estimated as P Q The company produces output at two facilities; the marginal cost of producing at facility is MCQQ and the marginal cost of producing at facility is MCQQa Provide the equation for the monopolists marginal revenue function. Hint: Recall that Q Q Q MRQ Q Q b Determine the profitmaximizing level of output for each facility. Instructions: Round your response to two decimal places.Output for facility : Output for facility : c Determine the profitmaximizing price. Instructions: Round your response to the nearest penny two decimal places $
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