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ch8_p2 - c Identify the firm’s supply curve on your graph...

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8_2. A competitive firm has the following short run cost function:    C ( q ) = q 3 - 8 q 2 + 30 q + 5 . a. Find MC, AC, and AVC and sketch them on a graph.   b. At what range of prices will the firm supply zero output?
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Unformatted text preview: c. Identify the firm’s supply curve on your graph. d. At what price would the firm supply exactly 6 units of output?...
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