Multiple Choice
A firm has two factories.One factory has the cost function c1(y1) = 2y21 + 90 and the other has the cost function c2(y2) = 6y22 +40.If the firm wishes to produce a total of 32 units as cheaply as possible, how many units will be produced in the second factory?
A) 7
B) 2
C) 8
D) 14
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: A competitive firm uses three factors of
Q14: A competitive firm has the three-factor production
Q15: Douffelberry juice is a mild intoxicant, prized
Q16: A company can rent one of two
Q17: If it costs $20 to set up
Q19: A politician facing reelection can win votes
Q20: The production function is f (L, M)=5L<sup>1/2</sup>M<sup>1/2</sup>,
Q21: Lars runs a cookie factory.His cookies are
Q22: The editors at Snoozeweek, a news magazine,
Q23: Suppose that the production function is f