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A firm pays each worker (i.e. each unit of labour ) a wage = 4 and pays for each computer (i.e. each unit of capital
A firm pays each worker (i.e. each unit of labour ) a wage = 4 and pays for each computer (i.e. each unit of capital ) a cost of = 3. The firm has a production function = + 2 and needs to produce = 12. how much of capital and labour the company needs
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
