Econ 705 Module 7 Assignment 1. The following shows the demands and marginal revenue in two markets (DI and MR.1, and D2 and MR?) for a price discriminating firm along with total demand, DT, marginal revenue, MR.T, and marginal cost MC. 450 01 MINT MC 350 OT 101 MAT MC 100 3:00 400 501 600 700 800 900 1000 1100 1200 1300 1400 - DE -MIRI -.. MAT - OT -MC As with the PPT slides, you can view the data generating these lines; for reference, D1 =310-0.2Q D2 = 450-0.20 MRT =380-0.2Q DT =380-0.1Q MC =0.0005Q 2 - 0.55Q + 290 a Compare the demand conditions in each market, i.e. how do the two markets differ in their demand for the firm's product? b. How much total output should the firm produce (for both markets combined)? How should that output be allocated between markets 1 and 2? c. What price should the firm charge in each market