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Joe hires Tom to produce tables. If the value of Tom s work is Q = 2 0 0 e , where e is the
Joe hires Tom to produce tables. If the value of Toms work is Qe where e is the effort exerted by Tom, and the cost of exerting effort is given by e what is the level of effort that maximizes net benefits? Joe hires Tom to produce tables. If the value of Toms work is Qe where e is the effort exerted by Tom, and the cost of exerting effort is given by e what is the level of effort that maximizes net benefits?
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