A firm has two plants and wishes to profit maximize. Find the quantity plant one would produce.P = 120 - 9.3QTC, = 50 + 91 + 491²TC2 = 50 + 2.392 + 7.4q2²plant 1 produces q1=no need to give the answer for plant 2. just calculate for plant 1

A multi plant monopoly is a monopolisitic firm engaged in producing its output from a number of…

A firm has two plants and wishes to profit maximize. Find the quantity plant one would produce. P = 120 - 9.30 TC, = 50 + q, + 491² TC2 = 50 + 2.392 + 7.4q2² plant 1 produces q1= no need to give the answer for plant 2. just calculate for plant 1

A firm has two plants and wishes to profit maximize. Find the quantity plant one would produce. P = 120 - 9.30 TC, = 50 + q, + 491² TC2 = 50 + 2.392 + 7.4q2² plant 1 produces q1= no need to give the answer for plant 2. just calculate for plant 1

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter23: Monopoly

Section: Chapter Questions

Problem 14QP

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Question

A firm has two plants and wishes to profit maximize. Find the quantity plant one would produce.
P = 120 - 9.3Q
TC, = 50 + 91 + 491²
TC2 = 50 + 2.392 + 7.4q2²
plant 1 produces q1=
no need to give the answer for plant 2. just calculate for plant 1

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