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Demand: Q d = 12P Production comes from two factories. The supply from Factory A Produces a cost function of: TC A = 4Q 2

Demand: Q_d = 12P

Production comes from two factories.

The supply from Factory A Produces a cost function of: TC_A = 4Q²_A

The supply from Factory B Produces a cost function of: TC_B = Q²_B

What is the total Output if you produced at both factories in this market for a given price P?

b. What is the perfect competitive equilibrium price and quantity?

c. What is the consumer surplus, producer surplus by region and total surplus? Show the consumer and producer surpluses graphically.

d. What is the Profit if the Manufacturer only produced in the more efficient plant?

e. What is the profit if the manufacturer produced in both factories?

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