Question: Please answer all parts! Question 11 (8 points) [8 marks] A competitive firm's production function is y : 10+ (2 100mm; of the input a:

Please answer all parts!

Question 11 (8 points) [8 marks] A competitive firm's production function is y : 10+ (2 100mm; of the input a: is w = 1. . The price '1. [2 marks] Show that the firm's total cost curve is C(y} = 1000 + (y 10}?'. 2. [2 marks] Show that the minimum of the marginal cost curve is at y = 10. and the minimum of the average cost curve is at y = 15. 3. [4 marks] Determine the firm's supply function y(p)

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