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. If it wants to produce 38 units of output, how much should it produce with each process?

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Q: A firm has access to two production processes with the following marginal cost curves: MC1 = 0.25x…

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A: Marginal cost of Q is equals to TC (Q) - TC(Q-1) So, MC(Q=2) = TC(Q=2) - TC(Q=1)

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A: Marginal cost eventually we can say that it is the actual change in the value of the total cost…

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A:

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