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Question 1 (15 points). Given that a competitive firm's short run cost function is () = 100 4! + 0.2 + 450, a. What is
Question 1 (15 points). Given that a competitive firm's short run cost function is () = 100
4! + 0.2" + 450,
a. What is the firm's short-run supply curve?
b. If p=100, how much output does the firm supply?
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