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1. The perfect competition market firm has the following short-term cost funct C(q) = 9 -8q' +30q+5 a. Calculate MC, AC, AVC and draw the
1. The perfect competition market firm has the following short-term cost funct C(q) = 9 -8q' +30q+5 a. Calculate MC, AC, AVC and draw the curves. b. At what price level does the firm not offer any output? c. Determine the firm's supply curve on your figure. d. What is the price level when the firm offers 6 units of output
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
