Noah and Naomi want to produce 100 garden benches per week in two production plants. The cost

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Noah and Naomi want to produce 100 garden benches per week in two production plants.
The cost functions at the two plants are

and

The corresponding marginal costs are

and

What is the best assignment of output between the two plants?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:47 AM

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Noah and Naomi want to produce 100 garden benches per week in two production plants. The cost

Question:

MC1 600 601 MC-= 650-402

Step by Step Answer:

Noah and Naomi should produce 35 benches at plant 1 and 65 benches at plant 2 Explanation A ...View the full answer

Microeconomics

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