(Answered) Suppose a company owns two plants plant a and plant b the

Economics

Suppose a company owns two plants, plant A and plant B. The total cost functions are as follows:

Plant A: TCA = 5qA + 0.1qA2

Plant B: TCB = 5qB + 0.2qB2

1. Suppose that the company is a price taker and the market price is $10. How many units will each plant produce?

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Macroeconomics, Economics

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