9.18. A firm in a competitive industry produces its output in two plants. Its total cost of...

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9.18. A firm in a competitive industry produces its output in two plants. Its total cost of producing Q1 units from the first plant is TC1 ! (Q1)

2

, and the marginal cost at this plant is MC1 ! 2Q1. The firm’s total cost of producing Q2 units from the second plant is TC2 ! 2(Q2)

2

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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