f a firm (either competitive, monopoly or oligopoly) is producing some output le
ID: 1156817 • Letter: F
Question
f a firm (either competitive, monopoly or oligopoly) is producing some output level 0 according to the profit O if the firm is making some profit, it is the highst possible profit. O if the firm is making some loss, it is the lowest possible loss. ?the firm should keep producing maximizing rule and the shutdown condition is not satisfied, the All of the above. QUESTION 15 L2 0 The h sor side ng ohieupe la ersa asmat isb a ws produces a given by Q input n fu dion for the product a fin Ths f nisn he short run with capt ted a Labor (Output (Q)MPL APL 2 When L-2, then ?a-40, MPL-10,APL-10 Q-40, MPL-20, APL-30 ?Qw40, MPL = 40, APL 10 O None of the above. QUESTION 16 Click Save and Submit to save and submit. Click Save All Answers to save all unswers.Explanation / Answer
14. The firm should keep producing Q*
15.
L Q MPL APL
1 10 10 10
2 40 30 20
3 90 50 30
4 160 70 40
Q = 10L2
MPL (nth unit) = Q (n units) - Q ((n - 1) units)
APL = Q/L
L = 2, Q = 40, MPL = 30 and APL = 20
None of the options is correct
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