A firm with two plants, A and B , has the following estimated demand and marginal cost
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Question:
A firm with two plants, A and B, has the following estimated demand and marginal cost functions:
Qd= 120 10P
MCA = 4 + (1 / 5)QA
MCB = 6 + (1 / 10)QB
In order to maximize profit, how many units of output should the firm produce?
Multiple Choice
- 10
- 15
- 25
- 45
- 50
Expert Answer:
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