A monopolist operates under two plants, 1 and 2. The marginal costs of the two plants are given by  MC1 = 20 + 2Q1 and MC2 = 10 + 5Q2 where Q1 and Q2 represent units of output produced by plants 1 and 2 respectively. If the price of this product is given by 20 – 3(Q1 + Q2), how much should the firm plan to produce in each plant, and at what price should it plan to sell the product?

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A: TC =10Q MC = dTC/dQ MC = 10 Q1 = 120-4P1  P1 = 30 - 0.25Q1  Q2 = 240-2P2  P2 = 120 - 0.5Q2  Mail…

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