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You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 80-Q, where Q = Q1 + Q2. The marginal cost associated with producing in the two plants are MC1 = Q1 and MC2 = 8. How much output should be produced in plant 1 in order to maximize profits?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673390

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