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Microeconomics A competitive rm can sell pretentious bumper stickers at a price of $0.10 per unit. Its total cost function is: Tc = s -

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Microeconomics

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A competitive rm can sell pretentious bumper stickers at a price of $0.10 per unit. Its total cost function is: Tc = s - osq + 0.001Q2 a. What is the output that maximizes prot or minimizes losses in the short term? b. If input prices increase and cause the cost function to become Tc = s - 0.10Q + (Lo-mo2 what will the new equilibrium output rate be

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