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B). The short-run cost function of a manufacturer of electronics products is presented as follows: q TEC (S) 20 20 20 20 20 20 20
B). The short-run cost function of a manufacturer of electronics products is presented as follows:
q TEC (S) 20 20 20 20 20 20 20 TVC (S) 10 15 25 60 90 MC P=LMR (S) 22 22 22 22 22 22 22 TC Profit
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