A monopoly with a Cobb-Douglas production function, Q = (L + K )1 / ,
Question:
A monopoly with a Cobb-Douglas production function, Q = (Lρ + Kρ)1/ρ, faces a constant elasticity demand curve. What is its marginal revenue product of labor?
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Related Book For 
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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