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QUESTION 3 10 points Save Answer Consider a firm selling their product at price p=50. They face production costs C given by C=20X, where X

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QUESTION 3 10 points Save Answer Consider a firm selling their product at price p=50. They face production costs C given by C=20X, where X is the number of units produced. They have to hire a seller, whose effort disutility EC is given by EC=20+0.5X2 Suppose that the firm design the seller's pay as the sum of a fixed salary component "a" and a bonus "b" for each unit sold. Calculate 1. The optimal quantity X of units produced 2. The per-unit bonus "b" 3. The fixed component of salary "a" For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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