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Consider a firms that owns two plants, A and B, whose cost of producing goods is given by the following supply curves: MC A =
Consider a firms that owns two plants, A and B, whose cost of producing goods is given by the following supply curves:
- MCA = 5 + 2Q
- MCB = 3Q
Draw three graphs side by side. On the first two, plot each plant's supply curve. On the third, plot the aggregate supply curve for the firm.
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