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Answer to Question #36335 in Microeconomics for lasisi
Question #36335
A company is in condition of perfect competition. The total cost of the output is presented in the table below:
Q(pcs) 0 1 2 3 4 5 6
TC($) 400 600 1000 1600 2800 4100 5400
The market price equal to $ 1,000, determine how much of the product the company will be willing to produce?
Q(pcs) 0 1 2 3 4 5 6
TC($) 400 600 1000 1600 2800 4100 5400
The market price equal to $ 1,000, determine how much of the product the company will be willing to produce?
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