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3a. At a product price of $52, will this firm produce in the short run? Explain. What will profit or loss be?
3a. At a product price of $52, will this firm produce in the short run? Explain. What will profit or loss be? b. Answer the relevant questions of 3a assuming produce price is $28.c. Answer the relevant questions of 3a assuming produce price is $22.d. Complete the following short-run supply schedule for this firm.profit or loss$725245282215