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(13 total points) Joe runs a farm. He rents the land for $250 a day, and he can hire workers for $20 per day for
(13 total points) Joe runs a farm. He rents the land for $250 a day, and he can hire workers for $20 per day for each worker. His short run production function is given in the first two columns of the following table.
(12 total points) Joe runs a farm. He rents the land for $250 a day, and he can hire workers for $20 per day for each worker. His short run production function is given in the first two columns of the following table.
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