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Aperfectlycompetitivefirmhasthefollowingtotalcostfunction: 05 Totaloutput TotalCost 0 20 1 30 2 42 3 55 4 69 5 84 6 100 7 117 HowmuchwillthefirmproduceifthepriceoftheproductionthemarketisRs.14perunit?HowwillitchangeitsoutputifpricerisestoRs.16perunit?
Aperfectlycompetitivefirmhasthefollowingtotalcostfunction: 05
Totaloutput
TotalCost
0
20
1
30
2
42
3
55
4
69
5
84
6
100
7
117
HowmuchwillthefirmproduceifthepriceoftheproductionthemarketisRs.14perunit?HowwillitchangeitsoutputifpricerisestoRs.16perunit?
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