What is the resulting total cost for the firm c

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A firm has two plants that it may use to produce its output.

The first plant's cost function is ?C1??(?Q1??) = (?Q1??)^2 and the second plant's cost function is C2(Q2) = ?Q2?? + ?21??*(?Q2??)^2

  1. Suppose the firm has target total out Q = ?Q1?? +?Q2?? > 0. How should the firm divide total output Q between the two plants in order to minimize costs?
  2. What is the resulting total cost for the firm C(Q), if output is allocated in the cost minimizing way?

Reference no: EM132478912

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