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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 + TC2.. 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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