What price should be charged to maximize profits

Reference no: EM133367647

You are a manager of a firm that produces output in two plants. The demand for your firm's product is P=78-15Q, where Q=Qsub1+Qsub2. The marginal costs associated with producing in the two plants are MCsub1=3Qsub1 and MCsub2=2Qsub2. What price should be charged to maximize profits?

Reference no: EM133367647

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