Problem 08-09 A monopolist's inverse demand function is estimated as P = 150 – 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the...

Extracted text: Problem 08-09 A monopolist's inverse demand function is estimated as P = 150 – 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the marginal cost of producing at facility 2 is MC2(Q2) = 2Q2. a. Provide the equation for the monopolist's marginal revenue function. (Hint: Recall that Q + Q2 = Q.) MR(Q): Q2 b. Determine the profit-maximizing level of output for each facility. Output for facility 1: Output for facility 2: c. Determine the profit-maximizing price. %24