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garik1379 [7]
2 years ago
15

An imperfectly competitive firm has the following total cost curve: c = 100 4q. what is average total cost equal to when q = 10?

Business
1 answer:
liraira [26]2 years ago
6 0

The total cost = 100 + 4q

So, Marginal cost = d/dq (TC) = d/dq (100 + 4q) = 4

So, marginal cost is constant and its value is 4 for any unit.

So, whenq = 10, marginal cost = 4.

Total cost = 100 + 4* 10 = 140

Average  total  cost = TC/q = 140/10 = 14

The average total cost equal to when q = 10 is 14.

<h3>What is the issue with markets that are  Imperfectly competitive?</h3>

  • If imperfectly competitive markets acted competitively, the value of economic activity as measured by the total of producer and consumer surplus would be higher.
  • In other words, unfair competition causes a misallocation of resources that harms the economy.
  • Illustrations of  Imperfectly competitive firm are,
  • Both oligopolies and monopolies are Imperfectly competitive firms.
  • If a company has a monopoly, it may be able to charge prices that are excessive by conventional standards.
  • Government intervention.
  • The stock market.

To learn more about Imperfectly competitive firm, visit:

brainly.com/question/28021209

#SPJ4

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Answer:

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$57,908 = $8,860(1 + r)18

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When a company sells a product for a price that is less than the cost of producing the product, it is engaging in:.
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If a company sells a product at a price that is less than the cost of producing the product, then it is engaged in dumping.

<h3>What do you mean by a Product?</h3>

A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.

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Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.

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