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Suppose a firm that makes electric scooters (named E-Scoot Tagline: We put the E in ScootErs) has two production facilities with two different cost structures:
Suppose a firm that makes electric scooters (named "E-Scoot" Tagline: "We put the "E" in ScootErs") has two production facilities with two different cost structures: Facility 1: TC = 200,000 .03Q2 Facility 2: TC = 1000,000 .01Q2 They can sell as many scootErs as they produce at a price of $240 each. Answer the following: a. How many scootErs do they produce in each facility and in total? b. What's the marginal cost for the last scootEr they produced in each facility? c. What's their total cost in each facility? d. What's their average total cost in each facility? e. What's their profit from each facility? step by step detail calculation
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