4. Assume that 1000 competitive farms produce rice from a fixed amount of land with variable...

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4. Assume that 1000 competitive farms produce rice from a fixed amount of land with variable labor. Labor costs required to p C. Given QP = 10,000 – 1000p as the market demand function for rice, determine the equilibrium price and quantity.

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$\© ©০ ০ (০০। १.११ u+s. Subsi tutin tu १ १ua.4c५ P | ০- २ 11 (७०० = |০ - ৭.१৭ l০০০ = (০ - ০ ০০१৭ = १.१५ १ 4 १.११ =े E१u\b ?= 4$

(00 units 9.99 Subs ti tuting Pequation tute P =0-Q to00 १.৭৭ 1000 Fl0- 0o 099 9.99 $ ৭.११ 17 EquiliboiunPe $99 =9.99 uuits

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4. Assume that 1000 competitive farms produce rice from a fixed amount of land with variable...

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