Simple question about total cost function:
When the cost function of a firm is c(Q) = 100 +
q2, and you have two plants, Q (one firm total
output) = q1 + q2 (the output of identical two plants),
Which is the right way to calculate total cost
function, c(Q) = {100+(q1)2}
+ {100+(q2)2} or c(Q) = 100 +
(q1+q2)2 ?
Simple question about total cost function: When the cost function of a firm is c(Q) = 100 + q2, and you have two plants,
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answerhappygod
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Simple question about total cost function: When the cost function of a firm is c(Q) = 100 + q2, and you have two plants,
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