You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 120 - 6Q, where Q = Q₁ + Q₂.The marginal cost associated with producing in the two plants are MC₁ = 2Q₁ and MC₂ = 4Q₂.What price should be charged in order to maximize revenues? A)6. B)2. C)24. D)60.

Question

Quizplus · Accepted Answer

The Answer of You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 120 - 6Q, where Q = Q₁ + Q₂.The marginal cost associated with producing in the two plants are MC₁ = 2Q₁ and MC₂ = 4Q₂.What price should be charged in order to maximize revenues? A)6. B)2. C)24. D)60.

You Are the Manager of a Firm That Produces Output