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 C1(Q1) = 600 Q1 - 3(Q1)2 and C2(Q2) = 650 Q2 - 2(Q2)2.
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

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

Microeconomics

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