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QUESTION 2 A firm has two plants, which have Marginal Cost functions given by: MC(Q 1 )=2Q 1 and MC(Q 2 )=4Q 2 . What

QUESTION 2

  1. A firm has two plants, which have Marginal Cost functions given by: MC(Q1)=2Q1and MC(Q2)=4Q2. What is the overall Marginal Cost function? Q denotes the total output.
  2. a.3Q.
  3. b.2Q/3.
  4. c.4Q/3.
  5. d.6Q.

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