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How much output does the firm produce at each plant

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Question 1: NAPA Corporation's marginal cost is expressed by MC = 4 + 3Q, where MC is marginal cost and Q is the number of products produced. The price of a unit of its products is $3. If you are the consultant for the company, would you advise the firm to produce or shut down? Briefly explain your decision.

Question 2: Dashen Company is a monopoly that produces at two plants. The demand for its product is given by P = 20 - Q. The marginal cost of plant 1 is MC1 = 2, and the marginal cost of plant 2 is MC2 = 2Q2.

  1. How much output does the firm produce at each plant?
  2. What price should it charge for its product?

Reference no: EM132431387

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