Profit-maximizing combination of quantities for monopoly

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Reference no: EM1313959

Q. A monopolist sells in two markets. The demand curve for her product is given by p1 =122 - 2x1 in the 1st market also p2 = 306 - 5x2 in the second market, where xi is the quantity sold in market i also pi is the price charged in market i. She has a constant marginal cost of production, c = 6 also no fixed costs. She can charge different prices in the two markets. Illustrate what is the profit-maximizing combination of quantities for this monopolist?

Reference no: EM1313959

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