This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Cournot model assumes that firm A maximizes its profit, holding firm B's output constant. ... (Read 119 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
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.
Answer Preview
Only 29% of students answer this correctly


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

A model of anxiety in which stressful events or a changing mental condition can produce unfavorable A model of anxiety in which stressful events or a changing mental condition can produce unfavorable
Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19 Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
Tangential flow filtration model Tangential flow filtration model
Intervention Model-Response to Client Misconduct Intervention Model-Response to Client Misconduct
Model of an Etruscan Temple Model of an Etruscan Temple
Effect of “Moral Restraint” in the Malthusian Model Effect of “Moral Restraint” in the Malthusian Model
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library