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2. Answer all parts (a) to (e) of this question. If a firm produces quantities q and q2 of two goods, its total cost is:
2. Answer all parts (a) to (e) of this question. If a firm produces quantities q and q2 of two goods, its total cost is: C=q +9 +4 -09192- The goods are sold in competitive markets at prices p > 1 and pz.(e) [10 marks] Assume the second-order condition is satisfied. If p, = 0.5 and p2 = 1, under which condition about a will good I be supplied by the firm? Explain the economic intuition behind the results
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