Mathematics, 30.03.2020 21:45 cheervolley

University A agreed to only hire 2,500 units of talent, but it has decided to cheat on the agreement. Using the reaction function, calculate 1. The number of people university A will hire 2. The wage rate that will be paid after university A cheats 3. The net to university A when it cheats Recall that In the conspiracy each hires 2,500 A’s reaction function is LA = 5,000 - LB/2 Wage is (LA+LB)/10 Net to the university A is ($1,000 - W)LA

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University A agreed to only hire 2,500 units of talent, but it has decided to cheat on the agreement...