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Suppose a rm uses skilled and unskilled workers to produce. The rm's production function is Q = H ln(L) where Q is the output quantity;
Suppose a rm uses skilled and unskilled workers to produce. The rm's production function is Q = H ln(L) where Q is the output quantity; H is the number of skilled workers; and L is the number of unskilled workers. Let the wage rates of skilled and unskilled workers be 11);; = 2 and 11);, = 1 respectively. The output price is p = 1 per unit. The rm operates in competitive input and output markets. What is the prot maximizing combination of H and L
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