Multiple Choice
Suppose a firm is a monopolist in its output market and a perfect competitor in its input market.The demand for its output is .The firm's production is given by
and the market wage is $50.The profit maximizing level of labor input is
A) 100
B) 1,000
C) 3,600
D) 5,000
Correct Answer:

Verified
Correct Answer:
Verified
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