- Suppose That A Firm Is Producing In The Short Run With Output Given By Q 89l L2 The Firm Hires Labor At A Wage Of 50 P 1 (22.92 KiB) Viewed 29 times
Suppose that a firm is producing in the short run with output given by: Q=89L-L2 The firm hires labor at a wage of $50 p
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Suppose that a firm is producing in the short run with output given by: Q=89L-L2 The firm hires labor at a wage of $50 p
Suppose that a firm is producing in the short run with output given by: Q=89L-L2 The firm hires labor at a wage of $50 per hour and sells the good in a competitive market at P = $46 per unit. Find the firm's optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.