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)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.3P

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