What is the best assignment of output between the two plants


Problem

Noah and Naomi want to produce 100 garden benches per week in two production plants. The cost functions at the two plants are C1 = 600Q1 - 3(Q1)2 and C2 = 650Q2 - 2(Q2)2, and the corresponding marginal costs are MC1 = 600 - 6Q1and MC2 = 650 - 4Q2. What is the best assignment of output between the two plants?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: What is the best assignment of output between the two plants
Reference No:- TGS02089128

Expected delivery within 24 Hours