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Problem #1 Assume you are the manager of a firm producing a certain product X. The following schedule shows the total production per week of

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Problem #1 Assume you are the manager of a firm producing a certain product X. The following schedule shows the total production per week of product X. Additionally, assume each unit of product X sells for $15 per unit, workers can be hired in a competitive labor market for $180 per week, and each unit of capital costs $50 per week. Labor (L) Capital (K) Quantity (Q) 0 0 10 27 46 66 13 195 14 202 15 208 1. State the profit-maximization input usage including all the wording. [from your textbook]. 2. How many workers should be hired? Use a table similar to Table 5-2 in your textbook to answer this question. Clearly explain your answer! 3. What will be your firm's profit? Clearly explain your

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