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Question 9: A firm has access to two production processes with the following marginal cost curves: M61 = 0.401 and M62 = 2 + 0.202,

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Question 9: A firm has access to two production processes with the following marginal cost curves: M61 = 0.401 and M62 = 2 + 0.202, where both MCs are in $/unit of output. a. If it wants to produce 8 units of output, how much should it produce with each process? b. If it want to produce 4 units of output

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