Suppose that monopolist faces the following demand curve: P = 80-3Q. Monopolist operates in twoplants with the following cost functions: TC, = 2q, + anoutput in each plant.%3Dand: TC, 12qh+q%. Find the optimum%3D9, = 12 and q, = 139 = 4 and 4, = 191 = 6 and 92 = 4Oq = 8 and q2 = 7

Suppose that monopolist faces the following demand curve: P = 80-3Q. Monopolist operates in two plants with the following cost functions: TC, 2q1 + and : TC2 1292 + q3. Find the optimum %3D %3D %3D output in each plant. O 91 = 12 and q, = 13 91 = 4 and 9, = 1 91 = 6 and q2 = 4 %3D 91 = 8 and 92 = 7

Suppose that monopolist faces the following demand curve: P = 80-3Q. Monopolist operates in two plants with the following cost functions: TC, 2q1 + and : TC2 1292 + q3. Find the optimum %3D %3D %3D output in each plant. O 91 = 12 and q, = 13 91 = 4 and 9, = 1 91 = 6 and q2 = 4 %3D 91 = 8 and 92 = 7

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that monopolist faces the following demand curve: P = 80-3Q. Monopolist operates in two
plants with the following cost functions: TC, = 2q, + an
output in each plant.
%3D
and: TC, 12qh+q%. Find the optimum
%3D
9, = 12 and q, = 13
9 = 4 and 4, = 1
91 = 6 and 92 = 4
Oq = 8 and q2 = 7

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