Question: A monopolist's Inverse demand function is estimated as P=150-3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 Is

A monopolist's Inverse demand function is estimated as P=150-3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 Is MC(Q) = 6Q, and the marginal cost of producing at facility 2 Is MC(Q2)=2Q2

a. Provide the equation for the monopolist's marginal revenue function. (Hint: Recall that Q + Q = Q.) MR(Q)= 92

MR(Q) = ___ -___Q1-___Q2

b. Determine the profit-maximizing level of output for each facility.

Output for facility 1: ____

Output for facility 2: ____

c. Determine the profit-maximizing price.

$____

A monopolist's Inverse demand function is estimated as P=150-3Q. The company

A monopolist's inverse cemand function is estimated as P=1503Q The company produces output ot two facilities, the marginal cost of producing ot factity 1 is MC1(Q1)=6Q,andthemarginalcostofproducingatfacitiy2.15MC2(Q2)=2Q2. a. Provide the equation for the monopolist's marginal revenue function. (Hint Recall that Q1+Q2=Q ) Mri(Q= Q1= Q2 b Determine the profitmaximizing level of output for each faciity. Output for facility 1 Output for facility 2 c. Determine the profit-maximizing price

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