A monopolistâ€™s inverse demand function is P=100-Q. The company produces output at two facilities; the marginal
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A monopolistâ€™s inverse demand function is P=100-Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1 (Q1) = 4Q1, and the marginal cost of producing at facility 2 is MC2 (Q2) = 2Q2. a. Provide the equation for the monopolist marginal revenue function. b. Determine the profit-maximizing level of output for each facility. c. Determine the profit maximizing price.
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