Business, 27.06.2019 00:40 johncruzguerrero70

Adrug company has a monopoly on a new patented medicine. the product can be made in either of two plants. the marginal costs of production for the two plants are mc 1 equals 25 plus 2 upper q 1mc1=25+2q1 and mc 2 equals 10 plus 3 upper q 2mc2=10+3q2. the firm's estimate of demand for the product is upper p equals 25 minus 3 left parenthesis upper q 1 plus upper q 2 right parenthesisp=25−3q1+q2. how much should the firm plan to produce in each plant? at what price should it plan to sell the product? (round your responses to two decimal places.) the firm should produce nothing units in plant 1 and nothing in plant 2. to maximize profits, it should charge a price of $nothing per unit.

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Adrug company has a monopoly on a new patented medicine. the product can be made in either of two pl...

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