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Plain White T's is a profit-maximizing shirt manufacturing firm. The firm can sell all the shirts it can produce to retailers at a price of
Plain White T's is a profit-maximizing shirt manufacturing firm. The firm can sell all the shirts it can
produce to retailers at a price of $20 each. Plain White T's can hire all of the workers it wants at a
market wage of $120 per day per worker. The table below shows the firm's short-run production
function.
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