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Sketch the short-run TC, VC, FC, ATC, AVC, AFC, and MC curves for the production function# = 3!'. Suppose that capital is fixed at 2

Sketch the short-run TC, VC, FC, ATC, AVC, AFC, and MC curves for the production function# = 3!'. Suppose that capital is fixed at 2 units in the short run, and that the wage rate is 2 and the rental rate is 3.

Please explain it step by step and draw good diagrams, with any related theory explanations please, feel free to use any reference links, thanks

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