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A firm has two production plants. The cost functions are C1=10Q14Q12+.pdf

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A firm has two production plants. The cost functions are C1=10Q14Q12+Q13 and C2=10Q22Q22+Q23. a) At what output level does the average cost curve of each plan reach its minimum? [4] b) If the firm wants to produce four units of output, how much should it produce in each production plant?.

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A firm has two production plants. The cost functions are C1=10Q14Q12+Q13 and C2=10Q22Q22+Q23. a) At what output level does the average cost curve of each plan reach its minimum? [4] b) If the firm wants to produce four units of output, how much should it produce in each production plant?

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