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(Solved): 35.- A company in perfect competition that produces good \( X \) whose cost function is the follow ...



35.- A company in perfect competition that produces good \( X \) whose cost function is the following: \( C T=4 X^{2}+24 X \)

35.- A company in perfect competition that produces good \( X \) whose cost function is the following: \( C T=4 X^{2}+24 X \) Given the above data, if the market price of good \( \mathrm{X} \) is \( \mathrm{PX}=13 \), how much would that company produce? a. 10 units. b. 4 units. c. 0 units. d. All of the above are false.


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The given firm operates in a perfectly competitive market. This means that firm is a price taker. It has to accept the price as decided by the market.
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