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The rm's is currently using K = 1D. Hour.r much labor should the rm employ,r to maximize the quantity produced if L at: K: The
The rm's is currently using K = 1D. Hour.r much labor should the rm employ,r to maximize the quantity produced if L at: K: The rm is still using K = 1D. In the labor market. the rm can hire at most 50 workers. HowI much labor should the rm employ to maximize the quantity produced if K c: L : (Hint: You cannot use the rst order condition; just think about the shape of the production function for K <: l q c->
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