Q1) A perfectly competitive firm has the following total cost function Total output Total Cost 0 20 1 30 2 42 3 55 4 69 5 84 6 100 7 117 How much will the firm produce if the price of the production the market is Rs 14 per unit How will it change its output if price rises to Rs 16 per unit ...

An Output O 1 2 3 u IS 5 16 7 TO TD 2 14 IC 20 30 42 55 69 8 ...

Q1) A perfectly competitive firm has the following total cost function: Total output Total Cost 0 20

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Total output	Total Cost
0	20
1	30
2	42
3	55
4	69
5	84
6	100
7	117

How much will the firm produce if the price of the production the market is Rs. 14 per unit? How will it change its output if price rises to Rs. 16 per unit?

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Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: Jul 20, 2022 03:58 AM

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Q1) A perfectly competitive firm has the following total cost function: Total output Total Cost 0 20

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Microeconomics

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