How much output should the firm allocate to market

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Consider that graph below. It contain 2 separate demand curves. D1 and D2, the marginal revenue curve associated with each one, MR1 and MR2, a total marginal revenue curve, MRT, along with marginal cost. Answer questions a through e below. What is the TOTAL amount of output the firm should produce? Approximately how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?

Reference no: EM13156461

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