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6. The production function for a competitive firm is Q = K .5 L .5 . The firm sells its output at a price of
6. The production function for a competitive firm is Q = K.5L.5. The firm sells its output at a price of $10, and can hire labor at a wage of $5. Capital is fixed at one unit. The profit-maximizing quantity of labor is:
A.2/5.
B.1.
C.10.
D.None of the answers are correct.
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