a multiplan monopoly operates two plants whose total cost schedule are TC 1=36+0•003q31 TC 2= 45+0•005q32 . if its total output in sold in a matket where the demand schedule is p=320-0•1q, where how much should it produce in each plant to maximize total profits.
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multiplant monopoly operates two plants whose total cost schedules are
TC1 = 36 + 0.003q31
TC2 = 45 + 0.005q32
If its total output is sold in a market where the demand schedule is p = 320 − 0.1q, where q = q1 + q2, how much should it produce in each plant to maximize total profits?
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