Find the optimal quantities to produce

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A firm's supply depends on the prices of the goods and of the materials used to make it:

1. The price of materials is. Find the optimal quantities to produce if the price of the good is and. Graph the supply curve.

2. Now the price of materials has changed. Find the optimal quantities to produce if the price of the good is and. Show the shift of the supply curve on a graph.

Reference no: EM133377884

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