Here is the following information about the production of single factory Total revenue function: TR = 400Q 0.02Q2 Total cost function: TC = 40,000 + 40Q + 0.04Q2 Minimum AC = -40,000Q-2 + 0.04 = 0 Calculate the profit maximizing level of output and price for one plant and the profit Find the profit maximizing level of outp

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Here is the following information about the production of single factory

Total revenue function: TR = 400Q – 0.02Q2

Total cost function: TC = 40,000 + 40Q + 0.04Q2

Minimum AC = -40,000Q-2 + 0.04 = 0

Calculate the profit maximizing level of output and price for one plant and the profit

Find the profit maximizing level of output When the business were to switch to a multi-plant operation taking advantage of minimum average cost. How many plants would this multi-plant operation involve? Show all workings.

Should this operation operate as a multi-plant operation or a single plant operation?

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