Global Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below: Units of Output Total Cost ($) 0 8 1 11 2 17 3 26 4 38 5 53 6 71 7 92 How many units of output should each plant produce?

Global Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below: Units of Output Total Cost ($) 0 8 1 11 2 17 3 26 4 38 5 53 6 71 7 92 How many units of output should each plant produce?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 4.2IP

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Question

Global Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below:

Units of Output	Total Cost ($)
0	8
1	11
2	17
3	26
4	38
5	53
6	71
7	92

How many units of output should each plant produce?

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