Calculating marginal revenue and optimum price

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Reference no: EM1372277

Suppose you are the manager of a company that produces output in two plants. The demand for your company'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 in order to maximize revenues?

A. $39
B. $47
C. $52
D. $56

Reference no: EM1372277

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