Solution: (a) Prove that profit maximization implies cost minimization but not vice
Question: (a) Prove that profit maximization implies cost minimization but not vice versa.
Deliverable: Word Document 
![[Steps Shown] Long run average costs rise](/images/solutions/MC-solution-library-50273.jpg "[Steps Shown] Long run average costs rise as output increases")
[Steps Shown] Long run average costs rise as output increases
![[Solution Library] Explain in words (a paragraph](/images/solutions/MC-solution-library-50274.jpg "[Solution Library] Explain in words (a paragraph and perhaps a diagram")
[Solution Library] Explain in words (a paragraph and perhaps a diagram
![[Solution] Consider a market for white color](/images/solutions/MC-solution-library-50275.jpg "[Solution] Consider a market for white color T-shirts, which we")
[Solution] Consider a market for white color T-shirts, which we
(See Solution) Explain how the industry rate of return can be used
(All Steps) Suppose there are 2 types of consumers. Show diagrammatically
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