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QUESTION 12 (1.5 Points) Suppose a firm has two plants. The costs are: TC = 30 + TC 1 + TC 2. . TC 1

QUESTION 12

(1.5 Points) Suppose a firm has two plants. The costs are: TC = 30 + TC₁+ TC_2.. TC₁ = 10Q₁ + Q₁² . TC₂ = 10Q₂ + .5Q₂². The firm's demand is Pm = 80 - .5Qm. Find the firm's profit-maximizing P* and Q*, outputs allocated to plants 1 and 2 and overall profit. The profit maximizing price is _____________.

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