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Question 10 0 / 1 pts Consider the following cost function for a firm producing two products 1 and 2: C(Q) = FC + 9Q;
Question 10 0 / 1 pts Consider the following cost function for a firm producing two products 1 and 2: C(Q) = FC + 9Q; + 7.503 +.25Q1Q2 The firm is currently projecting production for product 1 to be 2000 next year and production of product 2 to be 1000 for next year. The fixed cost the firm pays on its production facility is 400,000 dollars per year. Based on its current projections O the firm will need to consider reducing labor and capital to more efficiently meet increased demand O the firm as sufficient productive capacity to meet next yearas demand O the firm should lower its price to sell more goods next year O the firm will need to consider building a new plant
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