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1. Suppose a dairy farm makes goat cheese and has a cost function C + 2q + 100 a. What are the variable costs? Fixed
1. Suppose a dairy farm makes goat cheese and has a cost function C + 2q + 100 a. What are the variable costs? Fixed costs? b. If the market is perfectly competitive and the farm takes price as given, how much cheese would the farm produce (as a function of price p)? c. Draw the short run supply curve for this particular problem (do not copy the example from the textbook). d. Suppose our dairy farmer is the exclusive vendor for cheese at the DC Farmer's Market. She can choose the selling price, and it will affect how many units she sells. How does her profit function change
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