The problem says, the production function is given by F(L)=6L^2/3. Suppose that the cost per unit of

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The problem says, the production function is given by F(L)=6L^2/3. Suppose that the cost per unit of labor is $12 and the price of output is 9, how many units of labor will the firm hire.

Posted Date: Jun 22, 2024 12:07 PM

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The problem says, the production function is given by F(L)=6L^2/3. Suppose that the cost per unit of

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