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30.5 Producer Theory: Shortrun Prot Maximization (a) Draw a production function. for a rm With one variable input. (b) Next, draw a line to represent
30.5 Producer Theory: Shortrun Prot Maximization (a) Draw a production function. for a rm With one variable input. (b) Next, draw a line to represent the isoprot line that runs through the rm's protmaxinzhlg production plan. (c) Explain how the rm's optimal production plan would change if the cost of the variable inputs decreased, and illustrate such a change in your graph
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