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= 24 L + 55 K where Q is the output of bicycles. The prices of labor (PL), capital (PK), bicycle (P) and the cost
= 24 L + 55 K where Q is the output of bicycles. The prices of labor (PL), capital (PK), bicycle (P) and the cost (C) are the following: PL=58, PK=16 P=3 C =3310 What is the profit maximizing level of bicycles that Belfast Company should produce
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
