Question: 1.Suppose that the production function is y = 3 The price of the input is $3. per unit and output price is $5, and total

1.Suppose that the production function is y = 3 The price of the input is $3. per unit and output price is $5, and total fixed costs are $50. Find the functions that represent.

a.MPP

b.MC

c.AVP

d.VMP

e.MFC

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