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] A perfectly competitive firm faces a market price of $10 for its output X. It own two plants, A and B whose total costs are
TC sub A = 10 + 2X + (.25X)2
TC sub B = 15 + .4X + (.1X)2
How many units should each plant produce to maximize profit at that price?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9477787

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