economics

posted by .

The daily inverse demand curve for pet grooming is P=20-0.1Q. where P is the price of each grooming and Q is the number of groomings given each day. This implies that the Marginal revenue is MR=20-0.2Q Each worker hired can groom 20 dogs per day. What is the labor demand curve as a funciton of w, the daily wage the pet store takes as given.

  • economics -

    see my answer to your April 1 posting

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Microeconomics - determining how many to sel

    Hi, I would really appreciate it if someone could help me with these questions: An author earns royalties from his book that are specified as 10% of the book's selling price. The demand curve for this is straight and downward sloping. …
  2. Labor economics

    The daily inverse demand curve for pet grooming is P=20-0.1Q. where P is the price of each grooming and Q is the number of groomings given each day. This implies that the Marginal revenue is MR=20-0.2Q Each worker hired can groom 20 …
  3. economics

    The daily inverse demand curve for pet grooming is P=20-0.1Q. where P is the price of each grooming and Q is the number of groomings given each day. This implies that the Marginal revenue is MR=20-0.2Q Each worker hired can groom 20 …
  4. economics

    q = 5,000 - 100p tc= 10,000 - 10q plot the demand curve marginal revenue curve marginal cost curve profit maximising price, quantity, and profits
  5. economics

    Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue
  6. economics

    Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue
  7. Econ

    If a pure monopolist can price discriminate by separating buyers into two or more groups: A.the marginal revenue curve and the total revenue curve will now coincide. B.the marginal revenue curve will now shift to a position above the …
  8. Economics

    Very confused on how to figure these out. Suppose that the following table shows the weekly visits to an amusement park as a function of the daily admission fee charged: #visits daily fee 200 $50 400 $40 600 $30 800 $20 1000 $10 What …
  9. Career

    If dog breeds that require grooming become more popular, then jobs in pet grooming will: be created. be eliminated. be moved to somewhere else.**** be done differently.
  10. Career

    If dog breeds that require grooming become more popular, then jobs in pet grooming will: be created**** be eliminated. be moved to somewhere else. be done differently.

More Similar Questions