A company has two plants. For Plant 1, TC1 = 5yı + 4 and for Plant 2, TC2 = 10y2. Market demand is p = 24 – y. a) How much will the firm produce in each plant if it wants to maximize profits?, b) What...


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A company has two plants. For Plant 1, TC1 = 5yı + 4 and for Plant 2, TC2 = 10y2. Market<br>demand is p = 24 – y. a) How much will the firm produce in each plant if it wants to<br>maximize profits?, b) What is the firm's profit?<br>pls explain steps:)<br>

Extracted text: A company has two plants. For Plant 1, TC1 = 5yı + 4 and for Plant 2, TC2 = 10y2. Market demand is p = 24 – y. a) How much will the firm produce in each plant if it wants to maximize profits?, b) What is the firm's profit? pls explain steps:)

Jun 11, 2022
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