A monopolist faces a market demand curve with a constant elasticity of -2.The monopoly's production function is Q = 4L and its output price is given by p.What is the monopoly's marginal revenue product of labor function? A) MRP_L= 2p B) MRP_L= 4p C) MRP_L= 10 - 2p D) MRP_L= 5 + 3.5p

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The Answer of A monopolist faces a market demand curve with a constant elasticity of -2.The monopoly's production function is Q = 4L and its output price is given by p.What is the monopoly's marginal revenue product of labor function? A) MRP_L= 2p B) MRP_L= 4p C) MRP_L= 10 - 2p D) MRP_L= 5 + 3.5p

A Monopolist Faces a Market Demand Curve with a Constant