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2014 4. (a) Consider a monopolist who faces a market demand for his product: p(q) = 20 - 4, where p is the price and q is the
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eng a monopolist who faces a Total 2014 4ral considering a monopolist market demand for his product! P()= 20-9 Now, Morgan anq q=h and I Now q = Ļ => 2=22 Now Cost function was ? Why war=1 will be e= WLtok = LAK K = 24 we out in .. substituting 2=² aalso equilibrium will be al . K =18 When K= 18, then found where, q=Ļ - 2=22 tice here also cost Whis W =r=1 will be es Lt K.2017 Qustion 20 functions A firm has the the Production production Q=f(x,y) = 20.70 0.30 Now Q doubling both x and y We gut?pull of Now factor 1, P,=8 and pure of ... condition is in factor 2, P2 = 16 Now optimal input min MPI. £ x 1-²242% I will ne

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