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A multi-product firm's cost function is estimated as TC= 450 + 6(Q1)(Q2) + 25(Q1^2) + 3(Q2) Another company has made an offer to buy the exclusive...
A multi-product firm's cost function is estimated as
TC= 450 + 6(Q1)(Q2) + 25(Q1^2) + 3(Q2)
Another company has made an offer to buy the exclusive rights to produce product 2. Should the firm sell or not? Show mathematically or explain in 6 sentences or less.
I asked this before but I messed up the equation.