A monopoly has two production plants with cost functions C1 and C2 and x denotes multiplication. C1 equals to 50 plus 0.1x Q1 x Q1 and C2 equals to 30 plus 0.05 x Q2s, where Q2s equals to the square of Q2. The demand it faces is Q. Q equals to 500 minus 10 x P. What is the profit maximizing level of output? Select one: a. Q1 equals to 125; Q2 equals to 62.5. b. None c. Q1 equals to 62.5; Q2 equals to 125. d. Q1 equals to Q2 equals to 62.5. e. Qlequals to Q2 equals to 125

A monopoly has two production plants with cost functions C1 and C2 and x denotes multiplication. C1 equals to 50 plus 0.1x Q1 x Q1 and C2 equals to 30 plus 0.05 x Q2s, where Q2s equals to the square of Q2. The demand it faces is Q. Q equals to 500 minus 10 x P. What is the profit maximizing level of output? Select one: a. Q1 equals to 125; Q2 equals to 62.5. b. None c. Q1 equals to 62.5; Q2 equals to 125. d. Q1 equals to Q2 equals to 62.5. e. Qlequals to Q2 equals to 125

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.

Question

I WILL LEAVE THUMBS UP! pls answer ASAP I
ONLY HAVE 25 MIN
A monopoly has two production plants with
cost functions C1 and C2 and x denotes
multiplication. C1 equals to 50 plus 0.1x Q1 x
Q1 and C2 equals to 30 plus 0.05 x Q2s,
where Q2s equals to the square of Q2. The
demand it faces is Q. Q equals to 500 minus
10 x P. What is the profit maximizing level of
output?
Select one:
a. Q1 equals to 125; Q2 equals to 62.5.
b. None
c. Q1 equals to 62.5; Q2 equals to 125.
d. Q1 equals to Q2 equals to 62.5.
e. Qlequals to Q2 equals to 125

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