3 If a firms short-run production function is f(L) = 2L1/2, the price of output is p...
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3 If a firm’s short-run production function is f(L) = 2L1/2, the price of output is p = 1,000, and the market wage of workers is w = 100, determine the profit-maximizing number of workers the firm will hire. Be sure to check the second-order condition.
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Artificial Intelligence For Games
ISBN: 9780080885032
2nd Edition
Authors: Ian Millington, John Funge, Millington
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