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The demand for a monopoly's output is p=80-Q. The firm's production function is Q=2L Which of the following is the firm's demand for labor? 100-BL O 200 - 4L 100 - 0.5L 160-8L

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter23: Monopoly

Section: Chapter Questions

Problem 5QP

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Question

The demand for a monopoly's output is p=80-Q. The firm's production function is Q=2L
Which of the following is the firm's demand for labor?
100-8L
200 - 4L
O 100 - 0.5L
160-8L

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