# MATH

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.

1. 👍 0
2. 👎 0
3. 👁 57
1. 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.

1. 👍 0
2. 👎 0

## Similar Questions

1. ### economics

The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply. a. What is the marginal revenue that

asked by nika on November 8, 2012
2. ### Finance

and produces 200 units of output, which it sells at \$5 per unit. Firm B buys \$100 worth of goods from firm A and \$150 worth of goods from firm C, and produces 300 units of output, which it sells at \$7 per unit. Firm C buys \$50

asked by Anonymous on February 19, 2012
3. ### Economy

Use the following information to answer the question. There are three firms in an economy: X,Y,Z. Firm X buys \$200 worth of goods from firm Y, and \$300 worth of goods from firm Z, and produces 250 units of output at \$4 per unit.

asked by Bea on September 28, 2017
4. ### Economics

A monopoly produces widgets at a marginal cost of \$8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q. Suppose fixed costs rise to \$200. What will happen in the market? A.The firm will

asked by Steve on March 20, 2012
5. ### Mathematics in Economy

A firm produces two different kinds A and B of a commodity. The daily cost of producing x units of A and y units of B is C(x,y) = 0.04x2 + 0.01xy + 0.01y2 +4x + 2y +500 Suppose that firm sells all its output at a price per unit of

asked by Elizabeth on January 18, 2010
6. ### quantitative methods II

A firm that produces car components has a fixed costs of \$ 40,000 per month and a variable cost of \$ 24 per component.it sells its product at a price of \$ 44 per component,regardless of the number of units sold. (i)find the

asked by paulus johannes on May 20, 2016
7. ### Math/Economics

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are \$6 and the variable cost per unit of

asked by Bill on October 18, 2011
8. ### Math/Economics

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are \$6 and the variable cost per unit of

asked by Bill on October 18, 2011
9. ### eco

if the marginal product of capital of a firm is 120unit of output, rental price of machine is \$30. and marginal product of labor is 40units of output, daily wages is \$20. 1)why is this firm not maximizing output or minimizing cost

asked by evon on October 5, 2007
10. ### managerial economics

Suppose the inverse market demand equation is P = 80 ¡V 4(QA+QB), where QA is the output of firm A and QB is the output of firm B, and both firms have a constant marginal constant of \$4. Firm B is the Stackelberg leader in this

asked by jenny on September 7, 2008

More Similar Questions