If a monopoly has a Cobb-Douglas production function, Q = L a K b , and faces

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If a monopoly has a Cobb-Douglas production function, Q = L^aK^b, and faces an inverse demand function of p = Q^-d, what is its marginal revenue product of labor?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 07:45 AM

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If a monopoly has a Cobb-Douglas production function, Q = L a K b , and faces

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The marginal revenue is MR 1dQ d ...View the full answer

Microeconomics

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