Question

a drug company has a monopoly on a new patented medicine. the product made in either of two plants the cost of production for the two plants are MC1=10+2Q1 and MC2=25+5*Q2. the firms estimate of demand for the product is p=2000-3(Q1+Q2). how much should the firm plan to produce in each plant? at what price should in plan to sell the product?

7 years ago