Question 22 The monopolist's demand curve is given by the following equation: P = 300 - 2Q where Q = q1 + q2. 91 is the

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Question 22The monopolist's demand curve is given by the following equation: P=300 - 2Q where Q = q1 + q2. 91 is the output produced in factory 1and q2is the output produced in factory 2. The cost equations of the twoplantsare: C1 = 100q, and C2 = 2q22. The goalof the monopolist is to maximiseprofit. How much should the monopolist produce in factory 1 andhowmuch in factory 2?A. Q1 = 27.5; Q2 = 25B. Q1 = 25; Q2 = 25C. Q1 = 37.5; Q2 = 25D. Q1 = 38; Q2 = 24
Question 23A profit tax on a monopolistA. will have no effect on the profit maximizing price andquantityB. will have no effect on the profit maximizing quantity but theprice is going to behigher.C. will have no effect on the profit maximizing price but thequantity is going to belower.D. will make both price and quantity higher.