do fast. Use the following graph to answer the next 3 questions.The following graph shows the demand and marginal revenue in two markets(1 and 2) for a price-discriminating firm, along with its total marginal revenueand marginal cost.Price and cost (dollars)5050404030202010$D1MR 1MR 2MCD222MR total050100150200250300350400450500QuantityQuestion 43Using the above graph, what amount of total amount should the firmproduce?a) 100 unitsb) 175 unitsc) 225 unitsd) 275 unitse) 350 unitsQuestion 44How should the firm allocate that sales output between the two mar-kets?a) 112.5 units in each marketb) 100 units in market 1; 175 units in market 2c) 150 units in market 1; 300 units in market 2d) 75 units in market 1; 150 units in market 2e) None of the above.Question 45What price should the firm charge within each market?a) P₁ = $20; P₂ = $32.50b) P₁ = $35; P₂ = $22.50c) P₁ = $20; P2 = $20d) P₁ = $27.50; P₂ = $35e) None of the above.

Without the actual graph, it's impossible to provide a specific answer. However, the general…

Answered: Use the following graph to answer the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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