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How should the firm allocate production

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Reference no: EM13312267

Suppose a firm has two factories, with marginal costs given by

Factory #1: MC1 = 20Q

Factory #2: MC2 = 40Q

The firm faces a constant marginal revenue curve given by:MR = 200

How should the firm allocate production?—How much should Factory #1 produce and how much should factory #2 produce?

Reference no: EM13312267

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