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The production function is FIL)=8L2, Marginal product is 4L. Suppose that the cost per unit of labor is $12 and the price of output

The production function is FIL)=8L2, Marginal product is 4L. Suppose that the cost per unit of labor is $12 and the price of output is 6, how many units of labor will the firm hire? O None of the above 12 027 04

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