2. The inverse market demand curve for a fnal good is p = 100 - Q and the marginal cost of
supplying labor is MCL= 40. Each unit of output requires half unit of labor, L, and no other
factor. That is, Q = 2L.
申論題內容
A. (4 points) If the factor market is perfectly competitive and the output market is a monopoly,
what are the equilibrium quantity and price in both factor and output markets?
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