Question
1. Suppose we have an individual firm with two factories with the following short run cost functions: 1(1, 1 ) = 22 + 1 2(2,
1. Suppose we have an individual firm with two factories with the following short run cost functions: 1(1, 1 ) = 22 + 1 2(2, 2 ) = 32 + 2 How much will the firm produce at each factory if the desired total output of the firm is 200 units?
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
