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1) A company sells its product in to separable markets with following cost function: TC=15 + 10Q The demand equations for these markets are as:

1) A company sells its product in to separable markets with following cost function:

TC=15 + 10Q

The demand equations for these markets are as:

P₁=50 5Q₁

P₂=50 4Q₂

Where Q = Q₁ + Q₂

a) Find TR₁ and TR₂

b) Write the equation for profit

c) Find Q₁ and Q₂ for the maximum profit

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