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2. A printing press manufactures both books and posters in the ratio 1: 3. Its costs are TC(q1, 92) = 2900 + 0.2q, + 3qi

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2. A printing press manufactures both books and posters in the ratio 1: 3. Its costs are TC(q1, 92) = 2900 + 0.2q, + 3qi + 0.4qz where g; is the output of books and q2 is the output of posters. a. Derive the press's Ray Average Cost. b. Derive its Minimum Efficient Scale (MES). What is its MES if it produces only books? d. What is its MES if it produces only posters

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