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A firm has two plants that produce identical output. The cost functions are and C = 24q-4 (91) + (9) (Enter your response rounded
A firm has two plants that produce identical output. The cost functions are and C = 24q-4 (91) + (9) (Enter your response rounded to one decimal place.) 3 C = 2492 - 8 (92) + (92) . At what output level does the average cost curve of each plant reach its minimum? If the firm wants to produce 12 units of output, how much should it produce in each plant? Let q be the output at plant 1 and q2 be the output at plant 2. Average cost at plant 1 reaches a minimum at 91 = unit(s). A firm has two plants that produce identical output. The cost functions are and C = 24q-4 (91) + (9) (Enter your response rounded to one decimal place.) 3 C = 2492 - 8 (92) + (92) . At what output level does the average cost curve of each plant reach its minimum? If the firm wants to produce 12 units of output, how much should it produce in each plant? Let q be the output at plant 1 and q2 be the output at plant 2. Average cost at plant 1 reaches a minimum at 91 = unit(s).
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