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Author Question: The Cournot model assumes that firm A maximizes its profit, holding firm B's output constant. ... (Read 146 times)

jilianpiloj

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on: Jul 1, 2018
The Cournot model assumes that firm A maximizes its profit, holding firm B's output constant.
 
  What will be an ideal response?

Question 2

In the short run, a competitive firm has a marginal product of labor, MPL = 8L-0.5. The output price is 16 per unit and the wage is 2 per hour. At the profit-maximizing level, how many units of labor are hired by the firm?
 
  A) L = 4
  B) L = 6
  C) L = 12
  D) L = 8
Microeconomics ¦ Perloff ¦ 8th Edition
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prumorgan

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jilianpiloj

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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