Noah and Naomi want to produce 100 garden benches per week in two production plants. The cost
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Noah and Naomi want to produce 100 garden benches per week in two production plants. The cost functions at the two plants are C1(Q1)=600Q1?2(Q1)2C1(Q1)=600Q1?2(Q1)2 and C2(Q2)=650Q2?3(Q2)2.C2(Q2)=650Q2?3(Q2)2. The corresponding marginal costs are MC1=600?4Q1MC1=600?4Q1 and MC2=650?6Q2.MC2=650?6Q2. What is the best assignment of output between the two plants?
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