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Thank you! 3. Given the short run cost curves below answer the following questions. (3 marks) Costs 5 40 Quantity of output a) At what

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Thank you!

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3. Given the short run cost curves below answer the following questions. (3 marks) Costs 5 40 Quantity of output a) At what output do diminishing returns begin? b) What is the most productive output? Page |2 c) What is the economic capacity of the firm

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