Question: 13.10 In Example 13.3, we computed the general short-run total cost curve for Hamburger Heaven as 400 a. Assuming this establishment takes the price of

13.10 In Example 13.3, we computed the general short-run total cost curve for Hamburger Heaven as 400

a. Assuming this establishment takes the price of hamburgers as given (P), calculate its profit function (see the extensions to Chapter 13), IT* (P, V, W).

b. Show that the supply function calculated in Example 13.3 can be calculated as dTT*/dP =

q (for w = v — 4).

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