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QS. For a perfect competitive firm, the following short run function in given TC=2+4Q+Q2 If the price of the product prevailing in the market is
QS. For a perfect competitive firm, 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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