Donna's schmoo firm uses one input, z, and she sells her output at $10 per unit. The marginal product of z is 10 - z and the price of z is $20 per unit. The profit maximizing quantity of z is:
A) 5.0.
B) 5.5.
C) 8.0.
D) 10.0.
Correct Answer:
Verified
Q52: An increase in one's non- labour income:
A)shifts
Q53: Monopsony in an input market is a
Q54: Figure 11A Q55: A perfectly competitive input market: Q56: For a monopsony buyer, the marginal expenditure Q58: A perfectly competitive firm's downward sloping demand Q59: If a firm is perfectly competitive in Q60: The marginal revenue product of labour in Q61: In the long run, a firm's demand Q62: Which of the following is not an
A)assumes there are
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