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3. Suppose that daily output is the following function of labor: Q = 100L /2. Graph this function with Q on the vertical axis

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3. Suppose that daily output is the following function of labor: Q = 100L /2. Graph this function with Q on the vertical axis and L on the horizontal axis. Now, suppose that L must not exceed 6. Graph this constraint. Suppose that an agent wishes to maximize his/her output subject to the constraint that labor cannot exceed 6. State the constrained maximization problem algebraically. Can you see from your graph where the agent would choose to produce?

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