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4) Given the production function: Q=4K' L2 The price of the good being produced is $4/unit. The wage rate is w=$2/unit of labour. If capital

4) Given the production function: Q=4K' L2 The price of the good being produced is $4/unit. The wage rate is w=$2/unit of labour. If capital is fixed at K=16 What is the optimal amount of labour the profit maximizing firm should hire

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