A monopolist produces a homogeneous good in two factories, each with its own distinct marginal cost (MC) function. The marginal costs for Factory 1 and Factory 2 are given by MC1 = 4*Q1 and MC2 = 2*Q2 +2 respectively. - where 1 and 2 represent the quantity of goods produced by Factory 1 and Factory 2. The monopolist faces a market demand represented by Q = 64 P where is the total quantity demanded, and Pis the price of the good. The profit-maximizing output levels for each factory of the monopolist are: - OQ1 = 11 and Q2 = 21 OQ1 = 61 and Q2 OQI = Q₁ = = 194 12 and Q2 25 194 12 23 and Q2 33 = = 308 25 308 23

A monopolist produces a homogeneous good in two factories, each with its own distinct marginal cost (MC) function. The marginal costs for Factory 1 and Factory 2 are given by MC1 = 4Q1 and MC2 = 2Q2 +2 respectively. - where 1 and 2 represent the quantity of goods produced by Factory 1 and Factory 2. The monopolist faces a market demand represented by Q = 64 P where is the total quantity demanded, and Pis the price of the good. The profit-maximizing output levels for each factory of the monopolist are: - OQ1 = 11 and Q2 = 21 OQ1 = 61 and Q2 OQI = Q₁ = = 194 12 and Q2 25 194 12 23 and Q2 33 = = 308 25 308 23

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

don't use ai answer,i will upvote

A monopolist produces a homogeneous good in two factories, each with its own
distinct marginal cost (MC) function. The marginal costs for Factory 1 and Factory 2
1 and MC2 2*Q2 +2 respectively.
are given by MC₁ = 4*Q1
where 1 and 2 represent the quantity of goods produced by Factory 1 and
Factory 2. The monopolist faces a market demand represented by
Q = 64
64-P where is the total quantity demanded, and Pis the price of
the good. The profit-maximizing output levels for each factory of the monopolist
are:
OQ1 = 11 and Q2 21
OQ1 = 61 and Q2
= 33
Q₁ =
194
25
OQ₁ 194
23
=
and Q2₂
and Q2
1
-
308
25
308
23
=
Paten

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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