The demand curve faced by a monopolist is: P = 120 – 3Q. The marginal cost curves in factory 1 and factory 2 are respectively as follows: MC1 = 10 + 20Q1| MC2 = 60 + 5Q2 What is the optimal quantity? Answer Choices: а. 7. b. 8. с. 9. d. 10

The demand curve faced by a monopolist is: P = 120 – 3Q. The marginal cost curves in factory 1 and factory 2 are respectively as follows: MC1 = 10 + 20Q1| MC2 = 60 + 5Q2 What is the optimal quantity? Answer Choices: а. 7. b. 8. с. 9. d. 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Subpart 7
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