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(k) If the total product of labour is given by TP, = 48L + 9L2 -L3 and the price of the product produced is $

(k) If the total product of labour is given by TP, = 48L + 9L2 -L3 and the price of the product produced is $ 10, the maximum wage I would be willing to pay for 4 labour would be $ 260

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