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Q4. Comment on the following: a) Analyze the cost inction, prot lnction and consumption function with the suitable example from the real world and how

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Q4. Comment on the following: a) Analyze the cost inction, prot lnction and consumption function with the suitable example from the real world and how these functions Help in economics. Give the critical explanation. b) Why the continuous function is more Viable lnction for the business world as compared to the non-linear function, explain with the suitable example. Q5. For a perfect competitive rm, the following short run function in given TC=2+4Q+Q2 If the price of the product prevailing in the market is Rs. 9 at what level of the output the rm will maximize the prot? a) Use TR and TC approach. b) Use MR and MC approach. Q6. Hawkins-Simon's condition is a practical approach? Illustrate the suitable example for proving the Hawkins-Simons conditions. Comment on its practical viability in economics

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