question archive A multi-plant monopolist faces the inverse demand P = 30-Q
A multi-plant monopolist faces the inverse demand P = 30-Q
Subject:EconomicsPrice: Bought3
A multi-plant monopolist faces the inverse demand P = 30-Q. The first plant has a marginal cost of MC1 = 2Q1 and the second plant has a marginal cost of MC2 = 2Q2.
Determine:
- Optimal Price
- Total Number of units monopolist will supply
- Number of units monopolist should produce at each plant
