4
answers
0
watching
1,617
views

. You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 20 - Q, where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 2 and MC2 = 2Q2. How much output should be produced in plant 1 in order to maximize profits? A. 1 B. 4 C. 8 D. 11

For unlimited access to Homework Help, a Homework+ subscription is required.

Avatar image
Read by 1 person

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Avatar image
Read by 1 person
Already have an account? Log in
Avatar image
Read by 1 person
Already have an account? Log in
Raushan Raj
Raushan RajLv8
28 Sep 2019
Already have an account? Log in
Start filling in the gaps now
Log in