Question: 4) Suppose the demand function a monopoly faces is = 50 0.5 and its cost function is = 16. a. What is the firm's Learner

4) Suppose the demand function a monopoly faces is = 50 0.5 and its cost function is = 16.

a. What is the firm's Learner Index?

b. What is the elasticity of demand of the firm's products?

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