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A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants A and B whose total costs are:

TCA = 10 + 2X + .25X2


TCB = 15 + .4X + .1X2
= 15 +4 + 10
= 29

How many units should each plant produce to maximize profit at that price?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9477999

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