Question: Problem 0 8 - 0 9 ( algo ) A monopolist's inverse demand function is estimated as P = 1 5 0 - 3 Q

Problem 08-09(algo)
A monopolist's inverse demand function is estimated as P=150-3Q. The company produces output at two facilites; the marginal cost of producing at facility 1 is MC1(Q1)=6Q1, and the marginal cost of producing at facility 2 is MC2(Q2)=2Q2.
a. Provide the equation for the monopolist's marginal revenue function. (Hint: Recall that Q1+Q2=Q.)
MR(Q)=]-[Q1-Q2
b. Determine the profit-maximizing level of output for each facility.
Instructions: Round vour response to two decimal places.
Output for facility 1 :
Output for facility 2 : q,
c. Determine the profit-maximizing price.
Instructions: Round your response to the nearest penny (two decimal places).
$
Problem 0 8 - 0 9 ( algo ) A monopolist's inverse

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