The Demand for a Monopoly's Output Is P = 200

question 84

Multiple Choice

The demand for a monopoly's output is p = 200 - Q.The monopoly's production function is Q = 2L,and the market wage is $4.How many units of labor will the monopolist employ at its profit maximization level of output?

• A) L = 49.5
• B) L = 4623
• C) L = 198
• D) L = 10

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Definitions:

Transcriptionally Active

Refers to genes that are currently being expressed, with their DNA being transcribed into messenger RNA.

Euchromatin

A loosely coiled chromatin that is generally capable of transcription. Compare with heterochromatin.

Heterochromatin

Heterochromatin is a tightly packed form of DNA, which makes it transcriptionally inactive, contributing to the regulation of genes and maintenance of chromosome structure.

Kinases

Enzymes that catalyze the transfer of phosphate groups from ATP to acceptor molecules. See protein kinases. Compare with phosphatases.