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A competitive firm has the following short-run cost function: C(a) = 4 - 84 +309+5. a. Find MC, AC, and AVC and sketch them on
A competitive firm has the following short-run cost function:
C(a) = 4 - 84 +309+5.
a. Find MC, AC, and AVC and sketch them on a
graph.
b. At what range of prices will the firm supply zero
output?
c. Identify the firm's supply curve on your graph
d. At what price would the firm supply exactly 6
units of output?
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