Calculate The Total Demand And Marginal Cost 546285

Consider a monopolist facing the following demand and cost curves.

P = 50 – 2Q C = 25+10Q

(Hint: Total demand at any point P will be the summation of two quantities)

Suppose the firm is able to separate its customers in two distinct markets with the following demand functions.

P1 = 40 – 2.5Q1 P2 = 90 – 10Q2

From the above equation calculate the following:

i) Total demand
ii) Marginal Revenue
iii) Marginal Cost