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Question: Cost a firm has two plants, X and Y. Suppose that the cost of producing x units at plant X is x2 + 1200 dollars and the cost of producing y units of the same product at plant Y is given by 3y2 + 800 dollars. If the firm has an order for 1200 units, how many should it produce at each plant to fill this order and minimize the cost of production?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92630003

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