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Suppose that input prices are given by w -2 and 12 -3 where in the short run (?) =1 - Gy ty and 2 =1
Suppose that input prices are given by w -2 and 12 -3 where in the short run (?) =1 - Gy ty and 2 =1 Find the short run average total cost function (+3 points) and graph it (+3 points) Find the marginal cost function (-3 points) and graph it (+3 points) Write down conditions to find the minimum efficient scale (+3 points) Find the minimum efficient scale (-3 points) and graph it (+2 points) Label axis (+2 points
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