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Noah and Naomi want to produce 200 garden benches per week in two production plants. The cost functions at the two plant
Posted: Sun Jul 03, 2022 6:50 am
by answerhappygod
- Noah And Naomi Want To Produce 200 Garden Benches Per Week In Two Production Plants The Cost Functions At The Two Plant 1 (36.76 KiB) Viewed 13 times
Noah and Naomi want to produce 200 garden benches per week in two production plants. The cost functions at the two plants are C₁ (Q₁) = 6000₁ - 2(Q₁)² and C₂(Q₂) = 45002 - 3(0₂)². The corresponding marginal costs are MC₁ = 600 - 42₁ and MC₂ = 450 602. What is the best assignment of output between the two plants? Instructions: Enter your answers as whole numbers. Noah and Naomi should produce benches at plant 1 and benches at plant 2.