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Suppose you grow mushrooms on your farm. If you use L hours or labor and T acres of land, your mushroom farm will produce fL,
Suppose you grow mushrooms on your farm. If you use L hours or labor and T acres of land, your mushroom farm will produce fL, T TL 3 pounds of mushrooms. The price of a pound of mushrooms is $10 dollars, an hour of your labor costs w L dollars, and an acre of the farm land costs you w T dollars (rent)
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