A firm has two plants that produce identical output. The cost functions are Upper C 1 equals 309 q minus 8 q squared plus 0.5 q cubed and Upper C 2 equals 309 q minus 14 q squared plus 1.0 q cubed. First, note that if AC 1equals309minus8qplus0.5q squared, then StartFraction dAC 1 Over dq EndFraction equals negative 8 plus 2 (0.5 )q . Similarly, if AC 2equals309minus14qplus1.0q squared, then StartFraction dAC 2 Over dq EndFraction equals negative 14 plus 2 (1.0 )q . At what output level does the average cost curve of each plant reach its minimum? The first plant reaches minimum average cost at nothing units of output. (E

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.