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Y5 Suppose that a firm is producing in the short run with output given by: Q = 61L -12 The firm hires labor at a
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Suppose that a firm is producing in the short run with output given by: Q = 61L -12 The firm hires labor at a wage of $41 per hour and sells the good in a competitive market at P = $27 per unit. Find the firm's optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBERStep by Step Solution
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