i will 10 upvotes urgent . A company has two manufacturing plants which manufacture the same item. Suppose the cost function is given by C(q1,92) = 6q² +9192 +93, where91 and 92 are the quantities (measured in thousands) produced in each plant. The total demand q₁ +92 is related to the price, p, byp= 1100.5(91 +92).How much should each plant produce in order to maximize the company's profit?The first plant should produceitems and the second plant should produceCheckitems in order to maximize profit.

The cost function for the firm is given asThe price equation is given as The profit is obtained by…

A company has two manufacturing plants which manufacture the same item. Suppose the cost function is given by C(q1, 92) = 69² +9192 +93, where 91 and 92 are the quantities (measured in thousands) produced in each plant. The total demand 9₁ +92 is related to the price, p, by p= 1100.5(91 +92). How much should each plant produce in order to maximize the company's profit? The first plant should produce items and the second plant should produce Check items in order to maximize profit.

A company has two manufacturing plants which manufacture the same item. Suppose the cost function is given by C(q1, 92) = 69² +9192 +93, where 91 and 92 are the quantities (measured in thousands) produced in each plant. The total demand 9₁ +92 is related to the price, p, by p= 1100.5(91 +92). How much should each plant produce in order to maximize the company's profit? The first plant should produce items and the second plant should produce Check items in order to maximize profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

30. What happen when you add Total Fix Cost and Total Variable cost that is divided by their quantity. a. the assumption is that goods were produce but yet to be priced b. the assumption is that goods were produce but yet to be equalized c. the assumption is that goods were produce but yet to be quantified d. the assumption is that goods were produce but yet to be determined
This is not a graded module. I need to be explained what it means. I dont understand.
papec production hrm has production rate o technical substitution is 15.the cost of huneton da-hL.The marginal production is N$80 the wage rate is B.8 what is the rental rate of capital?
2
U = 5x1 1/2 +2x2. What is the marginal rate of substitution at (1, 4)? Round your answer to two decimal places. hand written asap
If the organisation is currently operating on ATCB, what options does it have if it wants to change its level of production over the next couple of weeks? Select one: a. The organisation has no options. It cannot change output level in the short run b. the organisation can operate at any level of output between points M and N c. the organisation can operate at any level of output, as long as it stays on ATCD d. the organisation can operate at any level of output as long as it stays on ATCB
Find 10 problems related to managerial cost and solve it.
I need help please soon as possible.
The cost of making a packet of the food in the year 2015 is RM20. Calculate the corresponding cost in the year 2017.
Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You
Draw a AD/AS graph that shows businesses being shortstaffed. Must have three curves.
The marginal product of effort, a typical worker in fast-food burger joint, is one- fourth burgers per hour; that is, MPe = .25The price of a burger is $2. The figure graphs Mac’s marginal cost of effort. If Mac increases his effort by one unit per hour, the change in the burger joint’s revenue is $ per hour. That is, what is VMPe , the value of Mac ‘s marginal product of effort ? Plot the VMPe curve in the figure. Mac efficient effort e^ is the solution to what equation? Illustrate the solution in the figure. Mac efficient…