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Imagine you are a cheese producer. You supply the market with 500 units at $10 each. - a) Make a consistent supply schedule for 5
Imagine you are a cheese producer. You supply the market with 500 units at $10 each. - a) Make a consistent supply schedule for 5 different prices, including the one mentioned above. - b) Draw the supply curve according to your schedule. Remember to use labels, units, and appropriate scales. - c) In a new diagram, sketch the change in the supply curve when milk cow prices rise. Label the old curve 51 and the new one, 52. . d) In the same diagram as part c, sketch the change in the supply curve when you update your production line with cutting-edge machinery. Label the new curve SS
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