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Consider Ezz who produces paperweights using labor (L) and capital (K). Also suppose that the hourly wage rate (w) is $5 and that the rental

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Consider Ezz who produces paperweights using labor (L) and capital (K). Also suppose that the hourly wage rate (w) is $5 and that the rental rate (r) is $10. Capital is fixed at 10 in the short run. If Ezz's production target is 100 paperweights and he faces the following technology: q = L + 2K What is his short-run, cost-minimizing amount of L

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