A firm uses two plants a and b to produce the product. the, Ask an Expert

Economics

A firm uses two plants (A and B) to produce a product. The plant's marginal cost functions are given by the following equations:

MCa=10+.01Qa and MCb=4+.03Qb

If the firm wanted to produce 1400 units should it produce 700 units in each plant? Why or why not? Explain and illustrate graphically.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9306955

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