Question: Problem 0 8 - 0 9 ( algo ) A monopolist's inverse demand function is estimated as P = 1 5 0 - 3 Q
Problem algo
A monopolist's inverse demand function is estimated as The company produces output at two facilites; the marginal cost of producing at facility is and the marginal cost of producing at facility is
a Provide the equation for the monopolist's marginal revenue function. Hint: Recall that
b Determine the profitmaximizing level of output for each facility.
Instructions: Round vour 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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