Q: A toy manufacturer's cost for producing q units of a game is given by C(q) = 1450 + 3.6g + 0.0006g. ...
A: p = 8.6 - (1/440)q p = 8.6 - 0.0023q TR = pq = (8.6 - 0.0023q)q = 8.6q -0.0023q2 TC = 1450...
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Q: A monopolistic monopsonist faces labour supply w = 20 + 0.05L, market demand p = 800 – 7.5q and has ...
A: TR = P*q = (800-7.5q)q MR = dTR/dq = 800-15q q = 0.1L MPL = dq/dL = 0.1
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