Question: I don't know how to do Q2 part c. Could you please help me? Q2. Suppose a firm producing widgets on two assembly lines operates

I don't know how to do Q2 part c. Could you please help me?

Q2. Suppose a firm producing widgets on two assembly lines operates with the following Total Cost function: TC = '71:2 + 10y2 - xy where x represents the number of widgets produced on one assembly line and y the production on the second. The rm is under contract to produce 48 widgets. (a) Use the Lagrangian method to calculate the least-cost allocation of production to the two assembly lines. (b) At what price must this rm sell its widgets in order to break even? (c) Suppose a customer offers this rm $350 for one of its widgets but to make this widget the rm has to stretch its total output to 49 widgets. Should the rm accept or reject the offer and why? (d) What would the rm's total cost be equal to if it had to produce 47 wigiets instead

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