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Laura's internet services has the following short-run cost curve: where q is Laura's output level,K is the number of servers she leases and r is the lease rate of servers.Laura's short-run marginal cost function is:
Currently,Laura leases 8 servers,the lease rate of servers is $15,and Laura can sell all the output she produces for $500.Find Laura's short-run profit maximizing level of output.Calculate Laura's profits.If the lease rate of internet servers rise to $20,how does Laura's optimal output and profits change?
Effects in Workplace
The impact or outcome of certain actions, processes, or policies within a work environment on employees or organizational performance.
Clear Goals
Specific, well-defined objectives that are easy to understand and aim towards, facilitating focused efforts and achievement.
Appropriate Feedback
Constructive and relevant information given to an individual or group regarding their behavior or performance intended to guide future improvements.
Equity Theory
A theory in social psychology and organizational behavior that explains how individuals perceive fairness in distribution of resources within interpersonal relationships, leading to feelings of satisfaction or dissatisfaction.
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