competitive firm has a single factory with the cost function C(q) = 5q² + 79 and produces 32 units order to maximise profits. Although the price of output does not change, the firm decides to build second factory with the cost function C(q) = 8q2 + 29. To maximise its profits, how many units ould it produce in the second factory? Dund vour answer to two decimal places if necessary)
competitive firm has a single factory with the cost function C(q) = 5q² + 79 and produces 32 units order to maximise profits. Although the price of output does not change, the firm decides to build second factory with the cost function C(q) = 8q2 + 29. To maximise its profits, how many units ould it produce in the second factory? Dund vour answer to two decimal places if necessary)
Chapter11: Profit Maximization
Section: Chapter Questions
Problem 11.3P
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solve 30-40 minutes i'll give you mny votes..hand written plzzz hand written
![A competitive firm has a single factory with the cost function C(q) = 5q2 + 79 and produces 32 units
in order to maximise profits. Although the price of output does not change, the firm decides to build
a second factory with the cost function C(q) = 8q2 + 29. To maximise its profits, how many units
should it produce in the second factory?
(Round your answer to two decimal places, if necessary)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F077602b7-5f30-440a-8a7c-01708d58ea97%2F5929fd80-13db-4d77-87f4-dca9dd975e73%2Fv2zvg2_processed.png&w=3840&q=75)
Transcribed Image Text:A competitive firm has a single factory with the cost function C(q) = 5q2 + 79 and produces 32 units
in order to maximise profits. Although the price of output does not change, the firm decides to build
a second factory with the cost function C(q) = 8q2 + 29. To maximise its profits, how many units
should it produce in the second factory?
(Round your answer to two decimal places, if necessary)
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