Question
Short Answer Questions on the Producer Theory. A firm has two factories. One factory has the total cost function (1) = 31^2 + 50, while
Short Answer Questions on the Producer Theory.
A firm has two factories. One factory has the total cost function (1) = 31^2 + 50, while the other has the total cost function (2) = 42^2 + 30 where 1 and 2 are the outputs of the two factories. If the firm wishes to produce a total of 130 units as cheaply as possible, what would be the minimized total cost?
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OPEC Twenty Years And Beyond
Authors: Ragaei El Mallakh
1st Edition
1317244737, 9781317244738
