Econ 705 Module 7 Assignment 1 _ The following shows the demands and marginal revenue in two markets (Dl and NIRI: and D2 and MR2) for a price discrimmating firm along with total demand: DT, marginal revenue, T. and inal cost MC 0 100 200 400 700 no no 10m 11m 12m 13m 14m MRI with the PPT slides, you can view the data generating these for reference, m = 450 -O_2Q MRT = 380 - 02Q DT=3SO 0.1Q MC = O_0005QA2 - + 290 a. Compare the demand condltlons in i.e. how do the two markets differ m their demand for the firm's product? b. How much total output should the firm produce (for both markets combined)? How should that output be allocated between markets 1 and 2? c. What price should the firm charge in each market?