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a. Calculate profit-maximization input usage b. Assuming that the product sells fro $10 per unit and workers can be hired in a competititve labor market
a. Calculate profit-maximization input usage
b. Assuming that the product sells fro $10 per unit and workers can be hired in a competititve labor market for $100 per week, how many workers should be hired and why?
c. How many workees should be hired if workers unionized and the previous weekly wages doubled?
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