If the demandfunction faced by the monopolist is given by Q=150 – 1.5P and his cost functionis given by C = 150 + 120Q. Find the quantity and price that maximize themonopoly profit hence find the maximum profit. (b) Itis assumed that the output product by firm is function of capital (K) andlabour (L). Given the cob-Douglas productionfunction below,Q = 16K12L14Find;i. Marginalphysical product of labour (MPPL) ii. Marginal Physical Product of capital (MPPK)
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