Question: Homework-5: Problem 8 Previous Problem List Next (4 points) A company operates two plants which manufacture the same item and whose total cost functions are

Homework-5: Problem 8 Previous Problem List Next (4 points) A company operates two plants which manufacture the same item and whose total cost functions are C1 = 10 + 0.04q2 and C2 = 3.2 + 0.05q2, where q1 and q2 are the quantities produced by each plant. The total quantity demanded, q = q1 + 92 , is related to the price, p , by p = 50 - 0.05q. How much should each plant produce in order to maximize the company's profit? Please input the exact numerical figures. 91 92 Adapted from M. Rosser, Basic Mathematics for Economists, p. 318 (New York: Routledge, 1993). Note: You can earn partial credit on this

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