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Long problems 1. Consider the static partial equilibrium of the firm from the notes. Ond* (a) Evaluate the comparative static # . (b) Illustrate your

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Long problems 1. Consider the static partial equilibrium of the firm from the notes. Ond* (a) Evaluate the comparative static # . (b) Illustrate your result from (a) in a diagram. (c) Let at be the firm's maximised profits, that is, a* = max, AF(k, ni) -wing. Evaluate the comparative static . Do you know what this result has to do with the postal system

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