ull vodafone AU 4G 20:11 7 0 44% A moodle.telt.unsw.edu.au Name: Student ID 3 of 10 Microeconomics 2 (b) Find the short can supply function for each firm. Student ID: Microeconomics 2The perspectives of heterodox schools of economic thought draw upon Classical Political Economy, Marxian economics, Institutional Economics and Keynesian Economics. Which of the following does NOT draw upon any of these traditions? O Post-Keynesian Economics. O Feminist Economics. O Ecological Economics. O Experimental Economics. O Evolutionary Economics. O The Social Structure of Accumulation approach. O French Regulation Theory. Austrian economics.ull vodafone AU 4G 20:11 7 0 44% A moodle.telt.unsw.edu.au Microeconomics 2 Question 1: Perfect Competition The demand curve for a product is given by Q = 800 - 01P where I' drones price and Q dancers quantity of the product. The industry comprises large number of finn, Each firm's cust function is Cig) = 2010 + 500q+ 20q' (2) Write down each firm's Average Fixed cost (AFC), Average varuble cost (AVC). Averages Cost (MC) and Marginal cost (MIC) as a function of q AFC AVCE ACE MC Student ID: Microeconomics 2 (b) Find the shore can supply function for each firm