Question
(a) A firm in perfect competition market structure making spray taps faces the following cost function: MC = Rs. 260 + 0.4 Q Price =
(a) A firm in perfect competition market structure making spray taps faces the following cost function: MC = Rs. 260 + 0.4 Q Price = Rs. 1560 per Unit Questions:
(i) What is the optimum quantity that this firm will make and sell in the market?
(ii) What will be the minimum price at which the firm will be ready to sell 3000 units and 3400 units?
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Economics Course Book 2020
Authors: Jocelyn Blink, Ian Dorton
2020 Edition
978-1382004961
