a. Suppose a monopolist faces a demand curve given by Q = 40 1/3Q. The monopolist has two plants. The marginal cost for first plant
a. Suppose a monopolist faces a demand curve given by Q = 40 1/3Q. The monopolist has two plants. The marginal cost for first plant is M61 = 10 + ZOQ1 , and marginal cost for second plant is MC2 = 60 + 5Q2. (i) the monopolist's optimal total quantity and price (ii) optimal decision of the monopolist's quantity between two plants
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