A Competitive Firm Has a Single Factory with the Cost

question 37

Multiple Choice

A competitive firm has a single factory with the cost function c(y) = 4y2 + 89 and produces 28 units in order to maximize profits.Although the price of output does not change, the firm decides to build a second factory with the cost function c(y) = 8y2 + 39.To maximize its profits, how many units should it produce in the second factory?

• A)14
• B)21
• C)9
• D)13
• E)None of the above.

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Triracial Stratification

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