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Suppose that you run a car seat manufacturer. You have been told that: f(?, ?)=4022 ? ?P2 = 20 V ?P=20 . ? Suppose
Suppose that you run a car seat manufacturer. You have been told that: f(?, ?)=4022 ? ?P2 = 20 V ?P=20 . ? Suppose that your cost of capital is $90/hour and your cost of labor is $10/hour. 1.1 What is your optimal choice of capital and labor if you want to produce 1200 car seats?
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