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Question
Scenario 10.5:A firm produces garden hoses in California and in Ohio. The marginal cost of producing garden hoses in the two states and the marginal revenue from producing garden hoses are given in the following table:
California Ohio
Qc MCc Qo MCo Qc + o MR
1 2 1 3 1 24
2 3 2 4 2 20
3 5 3 6 3 16
4 9 4 8 4 12
5 16 5 12 5 8
6 24 6 17 6 4
Refer to Scenario 10.5. How many garden hoses should be produced in California in order to maximize profits?
A) 1
B) 2
C) 3
D) 4
E) 5
Answer
This answer is hidden. It contains 1 characters.
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