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Please answer the following miscellaneous questions about production and justify your answers. (a) A firm produces...

Please answer the following miscellaneous questions about production and justify your answers.
(a) A firm produces identical outputs at two different plants. If the marginal cost at the first plant exceeds the marginal cost at the second plant, how can the firm reduce costs and maintain the same level of output?

(b) True or false? In the long run,a firm always operates at the minimum level of average costs for the optimally sized plant to produce a given amount of output. (

c) A firm has a cost function given by C(q) = 10q^2 +1000. What is its short run supply curve? What is its long run supply curve?

(d) If the supply curves of firm 1 and firm 2 are, respectively, S1 = p−10 and S2 = p−15, at what price does the industry supply curve have a kink in it?

Please do not answer the same as the previous question!

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(b) False

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