Microeconomics The following shows the demands and marginal revenue in two markets (DI and MR1, and D2 and MR2) for a price discriminating firm along with total demand, DT, marginal revenue, MRT, and marginal cost MC. 450 D2 MC 425 400 MR2 375 350 325 300 275 D1 MRT 250 225 MRI 200 175 150 125 100 MC 75 50 25 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 3000 - . . D1 - - - MR1 - . - D2 - MR2 .......*. MRT - DT - MC As with the PPT slides, you can view the data generating these lines; for reference, D1 = 300 - 0.1Q D2 = 450 -0.1Q MRT = 375-0.1Q DT =375 - 0.05Q MC = 0.00017Q^2 - 0.35Q + 291.875 A. Compare the demand conditions in each market; i.e. how do the two markets differ in their demand for the firm's product? Show work B. How much total output should the firm produce (for both markets combined)? Show work C. How should that output be allocated between markets 1 and 2? Show work D. What price should the firm charge in each market? Show work