Use the following to answer questions: Figure: Light Bulbs -(Figure: Light Bulbs) In this diagram, Firm 1 (MC₁) and Firm 2 (MC₂) are each making 100 million light bulbs. How many light bulbs should each firm make to minimize total production costs while maintaining the same total output? A) Firm 1: 40 million; Firm 2: 40 million B) Firm 1: 20 million; Firm 2: 30 million C) Firm 1: 80 million; Firm 2: 120 million D) Firm 1: 120 million; Firm 2: 80 million

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The Answer of Use the following to answer questions: Figure: Light Bulbs -(Figure: Light Bulbs) In this diagram, Firm 1 (MC₁) and Firm 2 (MC₂) are each making 100 million light bulbs. How many light bulbs should each firm make to minimize total production costs while maintaining the same total output? A) Firm 1: 40 million; Firm 2: 40 million B) Firm 1: 20 million; Firm 2: 30 million C) Firm 1: 80 million; Firm 2: 120 million D) Firm 1: 120 million; Firm 2: 80 million

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