logo Use SA10RAM to get 10%* Discount.
Order Now logo

Ask This Question To Be Solved By Our ExpertsGet A+ Grade Solution Guaranteed

expert
AbdulrazzakEngineering
(/5)

619 Answers

Hire Me
expert
Ray BjorkkEngineering
(5/5)

786 Answers

Hire Me
expert
Erlanda AlvesMarketing
(5/5)

820 Answers

Hire Me
expert
Expert TeamComputer science
(5/5)

981 Answers

Hire Me
Others
(5/5)

A company is deciding on how many factories to build. All the factories would be identical, each having the following cost function:

INSTRUCTIONS TO CANDIDATES
ANSWER ALL QUESTIONS

Question #2

A company is deciding on how many factories to build. All the factories would be identical, each having the following cost function:

ccq) = = q3 - 10 q2 + 150 q

a) At what level of production will the company be better off using two factories instead of one?

b) Derive an expression for the optimal number of factories for this firm in terms of the desired level of output q? Given this result, how many units are produced at each factory in terms of total output q? [Hint: Assume that Since the factories are identical, output will be split equally between them. So the total costs of producing an amount q using n factories will be the cost of producing / 2 at one factory times the number of factories.]

c) Find expressions for the marginal cost and average cost functions for a single factory. Graph these cost Curves. On this graph, show where the optimal number of units per factory is the number you found in part (b)).

(5/5)
Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme

Get Free Quote!

389 Experts Online