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Listen Assume that an electric power company owns two plants Andthat, on a particular Day,10,000kkilowatts...

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Economics

Listen Assume that an electric power company owns two plants Andthat, on a particular Day,

10,000k

kilowatts of electricity are demanded by the public. In order tominimize the total cost of providing the 10,000 kilowatts Thecompany should allocate production so that marginal costs are thesame for both plants average total costs are the same for bothplants total variable costs are the same for both plants' the sumof total variable cost and total fixed cost is the same for bothplants only the plant with the lower average cost is used toproduce the 10,000

?

kilowatts of electricity

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