A Firm Has Two Factories

question 18

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.

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Definitions:

Truthfulness

The quality of being honest and not containing or telling any lies.

Deceived

The act of misleading or tricking someone, often to gain an advantage.

Fraudulent Misrepresentation

Deliberately providing false information to deceive another party, often to gain a financial advantage.

Intent To Deceive

Refers to the willful act of misleading or deceiving another party, often to gain an advantage or to persuade them to act in a certain way.