Cogswell Cogs Can Jointly Produce Cogs or Rotors

question 68

Essay

Cogswell Cogs can jointly produce cogs or rotors.The joint cost function is:
C_C,R(q₁,q₂)= 35q₁ + 12q₂ + 100 ,
where q₁ is the number of cogs and q₂ is the number of rotors Cogswell produces.If Cogswell produces cogs alone,the cost function is:
C_C(q₂)= 35q₁ .If Cogswell produces rotors alone,the cost function is: C_R(q₂)= 12q₂.Calculate Cogswell's degree of economies of scope if he produces 64 cogs and 16 rotors.

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Definitions:

Three-Wire

A wiring system that consists of a phase wire, a neutral wire, and a protective ground wire, commonly used in residential and commercial settings.

Energized

To be energized means to supply or be supplied with electric power, causing a device, circuit, or component to become active or operative.

Normally Closed

A term used to describe a state of a switch or relay when its contacts are closed, allowing current to flow, in the absence of an actuating signal.

Master Control

A centralized control mechanism or system that regulates or guides the operations of various components within a larger system or machine.