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7. Suppose that when the amount of labor provided per week is x (hours) and the monetary investment is y (dollars) the quantity produced is
7. Suppose that when the amount of labor provided per week isx(hours) and the monetary investment isy(dollars) the quantity produced is100x1/2y1/2. Suppose that currentlyx= 900andy=400. At what rate can monetary investment be reduced if additional labor is available (and production is to remain at the same level)?
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