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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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