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A firm sells its product in two different markets. The inverse demand in market A is...

A firm sells its product in two different markets. The inverse demand in market A is PA= 72 - 5QAand in market B, it is PB= 60 - 3QB. It has fixed costs of 72. Each unit it produces costs 12, i.e., marginal cost equals 12. To maximize profits, what quantities of output will be sold in each market and what will total profits be?(Show your work).

                                                ____________            ___________              _____________          

                                                  in Market A                in Market B                  total profits   

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