By how much will total economic surplus change if the city, Ask an Expert

Economics

Q. Cournot monopolists every with production function q = K1/4L1/4 hire labour also capital competitively at PK = $1 also PL = $1.
Marketplace demand is P = 24 - Q. Every industry must pay a fixed fee of $20 to enter the industry. Compute the equilibrium number of
Industries. Also Compute equilibrium o/p, price, labour demand, capital demand also profits. No diagram is required.

Q. By how much will total economic surplus change if the city council passes a law requiring employers to include full reimbursement for rhino pasties in their workers' health coverage?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9173439

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