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Assume a firm has the following production function: q = f (L, K) = L3 . KZ Additionally, assume that, in the short-run, the firm's

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Assume a firm has the following production function: q = f (L, K) = L3 . KZ Additionally, assume that, in the short-run, the firm's capital is fixed at K = 1. Suppose the firm can sell each unit of output (q) at a price of p = 48 dollars. If the firm's profit maximizing level of output is q = 2, what must be the wage (w) that the firm must pay each unit of labor they hire in the short-run? WE dollars

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