Question: Suppose that input prices are given by w = 2 and w2 =1 where in the short run CMSR 1 (y) = 2y + 4y'

Suppose that input prices are given by w = 2 and w2 =1 where in the short run CMSR 1 (y) = 2y + 4y' and 12 = 5 Write down the short run average cost function (+4) Write down the short run average variable cost function (+4) Write down the short run marginal cost function (+4)

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