A firm's long-run cost function is c(q) = 4q³ + 10q +8. (a) Derive the firm's long-run supply function s(p). Draw the long-run supply curve. Reminder: the long-run supply curve is the MC curve everywhere above the AC curve. (b) Compute the firm's profit when the price is p = on the graph. € 26. Draw the profit as an area

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