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    Microeconomics Theory with Applications
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    Exam 8: The Theory of Perfect Competition
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    Suppose the Total Cost to Produce Quantity Q Is TC(q)=
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Suppose the Total Cost to Produce Quantity Q Is TC(q)=

Question 93

Question 93

Multiple Choice

Suppose the total cost to produce quantity q is TC(q) = q2/10+250. If this firm is a price- taker and the market price is p = 10, then the firm's output will be:


A) 240.
B) 250.
C) 260.
D) 0.

Correct Answer:

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