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Please answer both parts. thanks!

Suppose a firm with cost structure c(y)=y2 + 2y + 4 is the only producer of the good in the market. Market demand is given as

1) What are the firm’s total costs?

2) What will the firm’s profits be?

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Answer #1

Page No. Date D Total cent : cly) = y² + 2y ty total cost = (6)² + 2x6 + 4 - 36 + 12 + 4 - 52 4152 2) Profit - TR - 16 1786 –

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