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
Posted: Fri Jul 01, 2022 7:54 am
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.