February 21, 2017

Homework Help: MATH

Posted by natalie 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.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions