80 60 70 10 MC1 00 60 50 Price and cost (dollars) 40 40 30 20 20 10 0 MC2 Demand 50 100 150 Quantity The demand for dishwashers facing the AllClean Co. is given in the figure above. The firm manufactures dishwashers in two plants. MC1 and MC2 are the marginal cost curves for those two plants. How should the firm allocate total output between the two plants in order to maximize profit? Multiple Choice • 10 to plant 1, 40 to plant 2 . 20 to plant 1, 30 to plant 2 . 40 to plant 1, 40 to plant 2 . 20 to plant 1, 60 to plant 2 20 to plant 1, 50 to plant 2 (Ctrl)

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 9SQP
Question
80
60
70
10
MC1
00
60
50
Price and cost (dollars)
40
40
30
20
20
10
0
MC2
Demand
50
100
150
Quantity
The demand for dishwashers facing the AllClean Co. is given in the figure
above. The firm manufactures dishwashers in two plants. MC1 and MC2 are the
marginal cost curves for those two plants. How should the firm allocate total
output between the two plants in order to maximize profit?
Multiple Choice
•
10 to plant 1, 40 to plant 2
.
20 to plant 1, 30 to plant 2
.
40 to plant 1, 40 to plant 2
.
20 to plant 1, 60 to plant 2
20 to plant 1, 50 to plant 2
(Ctrl)
Transcribed Image Text:80 60 70 10 MC1 00 60 50 Price and cost (dollars) 40 40 30 20 20 10 0 MC2 Demand 50 100 150 Quantity The demand for dishwashers facing the AllClean Co. is given in the figure above. The firm manufactures dishwashers in two plants. MC1 and MC2 are the marginal cost curves for those two plants. How should the firm allocate total output between the two plants in order to maximize profit? Multiple Choice • 10 to plant 1, 40 to plant 2 . 20 to plant 1, 30 to plant 2 . 40 to plant 1, 40 to plant 2 . 20 to plant 1, 60 to plant 2 20 to plant 1, 50 to plant 2 (Ctrl)
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