Question: point) A company operates two plants which manufacture the same item and whose total cost functions are C = 9.5 +0.04q2 and C =3+0.05g,

point) A company operates two plants which manufacture the same item and whose total cost functions are C = 9.5 +0.04q2 and C =3+0.05g, here qi and 2 are the quantities produced by each plant. The total quantity demanded, q=q1 +92, is related to the price, p, by p = 60 - 0.05q. How much should each plant produce in order to maximize the company's profit? 91 92 Adapted from M. Rosser, Basic Mathematics for Economists, p. 318 (New York: Routledge, 1993). Note: You can earn partial credit on this problem.

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