Answer the following question

Section [Section - 2] 2 of 2 Question : 2 of 4 Marks for this Question : 5 Upload answer sheets Given the labor demand function 1(q) = f + cq where I(q) is labor demanded, f is the fixed cost of production and c is the constant marginal cost. Assume T - pq - wcq - wf, . Derive p by maximizing profit. . If you are given that we are following Dixit Stiglitz's demand system how would you comment upon the economy of scope and the variety produced? Once you upload files from your second device, click on Sync to check your submission Camera nish C Clear Response