Question
Answer all below questions appropriately please? jQuery22409037768728116478_1617775473974 : 5. Electron Control, Inc., a manufacturer of voltage regulators for industrial power generators, currently consolidates production at
Answer all below questions appropriately please? jQuery22409037768728116478_1617775473974 : 5. Electron Control, Inc., a manufacturer of voltage regulators for industrial power generators, currently consolidates production at a single plant in Chattanooga, Tennessee, but a multiplant alternative to centralized production is being considered. Estimated demand, marginal revenue, and single-plant production cost curves for the firm are
P = 515 ? 0.005Q
MR = 515 ? 0.01Q
TC = 160,000 + 35Q + 0.01Q2
MC = 35 + 0.02Q
A) Find the single-plant profit-maximizing level of output.
B) Find the minimum efficient scale of the single-plant operation.
C) Assuming that multiple smaller plants production is possible under the same cost conditions described above, find the profit-maximizing multiplant level of output.
D) Given your answers to parts B and C, how many number of plants should you suggest?
[4/7, 08:49] Kiprutoh: Wonder Widgets Inc. has 3 plants producing their De-lux Wonder Widget (DWW). Plant A produces 75% of all DWW, plant B 20%, and plant C the remaining 5%.
6% of Plant A's production is defective, 5% of plant B's production is defective, and
1% of plant C's production is defective.
(a) What percent of the total production of DWW is defective?
(b) If a DWW is defective, what is the probability that it was produced in plant A?
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