You Are the Manager of a Firm That Produces Output

question 45

Multiple Choice

You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 78- 15Q, where Q = Q₁ + Q₂.The marginal cost associated with producing in the two plants are MC₁ = 3Q₁ and MC₂ = 2Q₂.What price should be charged to maximize profits?

• A)$20.5.
• B)$40.5.
• C)$60.5.
• D)$80.5.

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