A firm has access to two production processes with the following marginal cost curves: MC1 = 0.25x and MC2 = 6+0.1y, where output in production process 1 is x, output in production process 2 is y and hence total output produced is Q = x+y. Show your work to answer the following questions. (i) If it wants to produce 20 units of output, how much should it produce with each process? (ii) If it wants to produce 38 units of output, how much should it produce with each process?  (iii) If it wants to produce 108 units of output, how much should it produce with each process?

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A: Marginal cost refers to an increase in total cost because of one more unit of output.

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A: Given TFC = 50 TVC at 20 units = 80 TC = TFC + TVC  = 130

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