Input Z Is the Only Variable Input for Joe's Manna

question 35

Multiple Choice

Input z is the only variable input for Joe's manna factory. The supply function of the input is 10 + 2z and the MRP function is 110 - z. Then:

• A)w^* = 60.
• B)w^* = 90, z^* = 20.
• C)w^* = 50, z^* = 20.
• D)w^* = 100/3.

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