題組內容

2. The inverse market demand curve for a fnal good is p = 100 - Q and the marginal cost of supplying labor is MCL= 40. Each unit of output requires half unit of labor, L, and no other factor. That is, Q = 2L.

A. (4 points) If the factor market is perfectly competitive and the output market is a monopoly, what are the equilibrium quantity and price in both factor and output markets?