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A firm running on monopoly supplies graphene to two markets, M and P. Demand function of M: Q M = 1 , 1 0 0

A firm running on monopoly supplies graphene to two markets, M and P.

Demand function of M:QM=1,100PM

Demand function of P:QP=300PP

The firm's total cost of producing graphene isTC=1,000+100Q where Q = ton of graphene.

QUESTION: Please compute the MARK-UP PRICE of M & P. Use the inverse of elasticity rule, the answer is in percent form.

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