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Business, 04.04.2020 14:25 edith47

Assume that the market is perfectly competitive. If the cost function for John's Shoe Repair is �(�) = 100 + 10� − �) + 3 4 �4, what is the firm's marginal cost function? What is its profit-maximizing condition if the market price is p? What is its short-run supply curve?

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Assume that the market is perfectly competitive. If the cost function for John's Shoe Repair is �(�)...
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