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Suppose the hourly wage is $10 and the price of each unit of output is constant at $50. The production function is so that the
Suppose the hourly wage is $10 and the price of each unit of output is constant at $50. The production function is
so that the marginal product of labor is
If the current capital stock is fixed at 1,600 units, how much labor should the firm employ in the short run to be optimal?
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