The firm uses labour in the quantity of L. The quantity of the firm’s product is described by the relationship
q = 2L1/2.
a) The firm sells its product in a competitive market at the price P = 50 and buys labour also in a competitive market at the price w = 5. What is the quantity of labour the firm uses?
b) The same firm is a monopolist, the demand for its product is described by the function Pd (Q) = 75 - 2.5Q. (And the firm and still buys labour in a competitive market at the price w = 5) Determine the quantity of labour, the output, and the price at which the firm sells its product.
(You need MPL, VMPL, MRPL)
Объяснение можно на русском
До 19:00 15/12/21