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The table below displays daily production information for a firm that uses capital and labor inputs to produce its output. The firm sells each unit
The table below displays daily production information for a firm that uses capital and labor inputs to produce its output. The firm sells each unit of output at a price of $20. The firm pays each worker a daily wage of $1,500 and the daily rental rate for each machine is $400. Based on this information, how many workers would the firm hire to maximize profit
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