A firm's production is based on only one input (x) and faces a market supply function...
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A firm's production is based on only one input (x) and faces a market supply function P = 50 + x, where x is the quantity of the inputs used. The marginal revenue product is MRP = 200 - x. Assume that the firm is a monopsonist, then the profit maximizing quantity and price of x is. a. 50 x at a price of 100. O b. 75 x at a price of 150. O c. 50 x at a price of 150. d. 50 x at a price of 125. O e. 75 x at a price of 125. A firm's production is based on only one input (x) and faces a market supply function P = 50 + x, where x is the quantity of the inputs used. The marginal revenue product is MRP = 200 - x. Assume that the firm is a monopsonist, then the profit maximizing quantity and price of x is. a. 50 x at a price of 100. O b. 75 x at a price of 150. O c. 50 x at a price of 150. d. 50 x at a price of 125. O e. 75 x at a price of 125.
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Related Book For
Digital Systems Design Using Verilog
ISBN: 978-1285051079
1st edition
Authors: Charles Roth, Lizy K. John, Byeong Kil Lee
Posted Date:
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