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Solve it plzzzzzz 6. FIRM SUPPLY (10 POINTS) You are operating a rm in a perfectly competitive industry. Your rm's long-run cost function is C(y)

Solve it plzzzzzz

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6. FIRM SUPPLY (10 POINTS) You are operating a rm in a perfectly competitive industry. Your rm's long-run cost function is C(y) = 4y2+2noy+200ify>0 6(0) = U (a) (2 POINTS} Calculate the marginal cost function (MC [y)) and average cost function [AC [31]) for your rm. (1)) (2 POINTS) At what level of output is AC [y] minimized? (c) (2 POINTS} At what level of output does the MC (3;) curve intersect the AC (3;) curve? (cl) (2 POINTS) For what levels of output is AC {y} Ma {y}? (e) (2 POINTS) Based on your answers above, write an equation for your rm's inverse long-run supply curve

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