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1. Draw a generic picture of a marginal product curve, and explain its shape. 2. Draw a generic picture of a marginal cost curve, and

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1. Draw a generic picture of a marginal product curve, and explain its shape. 2. Draw a generic picture of a marginal cost curve, and explain its shape. 3. Explain with graphs how the market provides a signal to the firm (also show the firm's Response. 4. Define norm

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