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Posted by on Thursday, September 4, 2008 at 8:53pm.

I need help ASAP.

A firm produces its output in two plants, A and B.a. To maximize its profit, the firm should produce the output at which ______ equals ______. It sets the price given by ______.

b. It should allocate this output between the two plants so that ______ equals ______.

c. If marginal cost in plant A is $20 and the marginal cost in plant B is $15, the firm should reduce output in ______ and increase output in ______. As it continues this reallocation ______ will increase and ______ will decrease.

  • MATH - , Thursday, September 4, 2008 at 8:59pm

    Yes, you do need help.

    We'll be glad to help you if you fill in the blanks with the answers that you learn from your text materials. We'll then check your answers.

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