A manufacturer of fine pens produces in two plants. The total cost of producing in the first plant is given by
T C1 = y12 + 100.
The total cost of producing in the second plant is given by
TC2=y23 +200. 3
In these cost functions, y1 corresponds to the number of pens produced in the first plant, and y2 corresponds to the number of pens produced in the second plant. Suppose the firm is producing 60 fine pens. If the firm is minimizing costs, how many pens is it producing in the first plant?

Which of the following is the least effective way to reach a potential sales prospect? referral cold call direct mail personal visit

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false