Profit is the payment made for land resources

Basis may change if

A. a new ethanol plants is built locally. B. a large capacity train terminal is built by CGB. C. a drought resulted in a short crop. D. All of the above.

The demand for a monopoly's output is p = 100 - Q. The firm's production function is Q = 2L. Which of the following is the firm's demand for labor?

A) w = 200 - 8L B) w = 200 - 4L C) w = 100 - L D) w = 2L