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Input Z Is the Only Variable Input for Joe's Manna

Question 35

Multiple Choice

Input z is the only variable input for Joe's manna factory. The supply function of the input is 10 + 2z and the MRP function is 110 - z. Then:

A) w^*= 60.
B) w^*= 90, z^*= 20.
C) w^*= 50, z^*= 20.
D) w^*= 100/3.

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