Question: Use the graphs above to answer the questions. a. If this firm wants to maximize profits, what price will it charge in Market 1, and

Use the graphs above to answer the questions.
a. If this firm wants to maximize profits, what price will it charge in Market 1, and what quantity will it sell?

Price and cost 12 10 4 Marginal cost Demand in MRMarket Market 1 10 20 30 40 50 Quantity sold in Market 1 60 2.

b. If this firm wants to maximize profits, what price will it charge in Market 2, and what quantity will it sell?

Price and cost 12- 10 Marginal cost Demand in MRMarke Market 2 90 Quantity sold in Market 2 10 20 30 40 50 60 70 80 100

Price and cost 12 10 4 Marginal cost Demand in MRMarket Market 1 10 20 30 40 50 Quantity sold in Market 1 60 2. Price and cost 12- 10 Marginal cost Demand in MRMarke Market 2 90 Quantity sold in Market 2 10 20 30 40 50 60 70 80 100 110 2.

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