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Suppose a firm's production function is given by q= 4(EM+EF)1/2 whereEMis the number of males andEFis the number of females employed by the firm, respectively.
Suppose a firm's production function is given by
q= 4(EM+EF)1/2
whereEMis the number of males andEFis the number of females employed by the firm, respectively. Suppose the wage rates for males and females arewM= $25andwF= $20. The price of each unit of output is $30.
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