Suppose there are two factories with the following total cost functions TC1 =q1 and TC,= q!/2 respectively. For orders strictly greater than 1 unit, the firm should not use factory 2 at all the firm should produce no more than 1 unit in factory 2 the firm should not use factory 1 at all the firm should produce no more than 1 unit in factory 1

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 27EQ
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Suppose there are two factories with the following total cost functions TC1 =q1 and TC,= q!/2 respectively. For orders strictly greater than 1 unit,
the firm should not use factory 2 at all
the firm should produce no more than 1 unit in factory 2
the firm should not use factory 1 at all
the firm should produce no more than 1 unit in factory 1
Transcribed Image Text:Suppose there are two factories with the following total cost functions TC1 =q1 and TC,= q!/2 respectively. For orders strictly greater than 1 unit, the firm should not use factory 2 at all the firm should produce no more than 1 unit in factory 2 the firm should not use factory 1 at all the firm should produce no more than 1 unit in factory 1
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