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

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter25: Monopoly
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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:
МC1 %3D 10 + 20Q1
MC2 = 60 + 5Q2
What is the optimal quantity?
Answer Choices:
а. 7.
b. 8.
с. 9.
d. 10
Transcribed Image Text: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: МC1 %3D 10 + 20Q1 MC2 = 60 + 5Q2 What is the optimal quantity? Answer Choices: а. 7. b. 8. с. 9. d. 10
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