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the ax Problem 1 Bob tlr builder, a contractor, uses hired labor and equipment to add verandas to his client's homes. market for verandas is
the ax
Problem 1 Bob tlr builder, a contractor, uses hired labor and equipment to add verandas to his client's homes. market for verandas is perfectly competitive. Bob's production function is q = 121-WW/'. Suppose the rate is $1,000 while the rental cost of equipment is $8,000. SupB)sc Bob charges $4,000 for each veranda, how auny verandas does he build? How tnany workers does he hire? How many pieces of equipment does he rent?
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