==+8. A firm has two factories, for which costs are given by: Factory #1: C1 (Q1) =

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==+8. A firm has two factories, for which costs are given by:

Factory #1: C1 (Q1) = 10Q1 2

Factory #2: C2 (Q2) = 20Q2 2

The firm faces the following demand curve:

P = 700 - 5Q where Q is total output—i.e., Q = Q1 + Q2.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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