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Assume a firm can produce output (q) using labor (L) and capital (K) according to the following production function: q = 5 . LZ .

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Assume a firm can produce output (q) using labor (L) and capital (K) according to the following production function: q = 5 . LZ . K Additionally, assume that, in the short-run, the firm's level of capital is fixed at two units (K = 2) and for each unit of labor the firm hires, they must pay a wage of $2 (w = 2). What must be the price (p) the firm can charge for each unit of output if the firm maximizes short-run profits by producing q = 5 units of output? P = dollars

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