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The production function is given by f(L) = 8.L1/2. If the price of the commodity produced is $100 per unit and the cost of labor
The production function is given by f(L) = 8.L1/2. If the price of the commodity produced is $100 per unit and the cost of labor is $80 per unit, how much profit will the firm make if it maximizes profits?
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Business Law
Authors: Henry Cheeseman
8th Edition
0133130649, 9780133130645
