Re: DSE 2009

Posted by s on Feb 19, 2012; 8:48am
URL: http://discussion-forum.276.s1.nabble.com/DSE-2009-tp7296495p7298311.html

here suraksha is monopolist in output mkt n monopsonist in factr mkt so frm profit max problem

p(y(L)). y(L) - w(L). L   ......i got L* = 10...for the second part what i did was put w=70 in MRPL or labor dd fn of monopsonist (w= 400 - 32L) n got L*= 330/32...which is 10.31...i dunno if that is the right approach

the correct answer is 10...

hey Vasudha what was your approach?