Indu Dhiman posted an Question
July 07, 2021 • 16:14 pm 30 points
  • UGC NET
  • Economics

0 . + + . s

total cost function of a producer is C= 10+5Q+2Q². if price is 15, what is MC of the producer in equilibrium?

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  • Aabha mishra 1 Best Answer

    This is the proper solution of the given question

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  • Reshma gupta best-answer

    Perfect competition is an idealistic market, which rarely exists in reality, but the agriculture market resembles it to some extent. It is a market with a large number of os sellers selling homogenous products. It is quite similar to the market for wheat, rice, etc. C=10+5Q+2Q^2 If price equals 15 at equilibrium, marginal cost will also equal to 15.

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