Determine maximum profits

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Reference no: EM1375025

A monopolist with two plants operates with a marginal revenue of 500-4Q and marginal costs of 4Q for plant 1 and 2Q for plant 2.

Question1: What are outputs at each plant to maximize profits?

Question2: Determine price maximizes profits?

Question3: Determine maximum profits?

Reference no: EM1375025

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