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10. 11 12. 13. 14 15. 16. . Please show the argument why MC = i Please show the argument why AVC = %, using

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10. 11 12. 13. 14 15. 16. . Please show the argument why MC = i Please show the argument why AVC = %, using the production and cost relationships where w represents the price of the input and APP denotes the average physical product. %, using the production and cost relationships where w represents the price of the input and MPP denotes the marginal physical product. . How do you find the optimal output in the short-run if your goal is to maximize profit? Please explain. Please explain what happens to profit when marginal revenue (MR) is greater than marginal cost (MC), MR

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