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A firm has two factories. Factory 1 has the cost function ci () +90. The marginal cost for factory 1 is mc (1)-2y and
A firm has two factories. Factory 1 has the cost function ci () +90. The marginal cost for factory 1 is mc (1)-2y and factory 2 has the cost function c (32)=2+10. Marginal cost for factory 2 Is mca (1/2)=4y2 If the firm wishes to produce a total of 60 units as cheaply as possible, how many units will be produced in the second factory? 12 40 20 48 None of the above
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