How much total output should the firm produce, Microeconomics

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How much total output should the firm produce

Problem

As with the PPT slides, you can view the data generating these lines; for reference,

D1 = 300 - 0.1Q
D2 = 450 - 0.1Q
MRT = 375 - 0.1Q
DT = 375 - 0.05Q
MC = 0.00017Q^2 - 0.35Q + 291.875

1. Compare the demand conditions in each market; i.e. how do the two markets differ in their demand for the firm's product?

2. How much total output should the firm produce (for both markets combined)? How should that output be allocated between markets 1 and 2?

3. What price should the firm charge in each market?

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Microeconomics: How much total output should the firm produce

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