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3. Now switch perspective to the firm's cost side assuming the same technology: y = 2x1 x2 . a. Again assuming, in the short-run, x2

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3. Now switch perspective to the firm's cost side assuming the same technology: y = 2x1 x2 . a. Again assuming, in the short-run, x2 is fixed at 1 unit, derive the equations and graph of the firm's short-run cost curves: Total Cost (C(y)), ATC, AVC, and MC. Derivation: Graph

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