You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 78 − 15Q,where Q = Q₁ + Q₂.The marginal costs associated with producing in the two plants are MC₁ = 3Q₁ and MC₂ = 2Q₂.How much output should be produced in plant 1 in order to maximize profits? A) 1 B) 2 C) 3 D) 4

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The Answer of You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 78 − 15Q,where Q = Q₁ + Q₂.The marginal costs associated with producing in the two plants are MC₁ = 3Q₁ and MC₂ = 2Q₂.How much output should be produced in plant 1 in order to maximize profits? A) 1 B) 2 C) 3 D) 4

You Are the Manager of a Firm That Produces Output