Suppose that a firm is producing in the short run with output given by: Q = 57L-L² The firm hires labor at a wage of $42
Posted: Fri Jul 01, 2022 8:12 am
Suppose that a firm is producing in the short run with output given by: Q = 57L-L² The firm hires labor at a wage of $42 per hour and sells the good in a competitive market at P = $10 per unit. Find the firm's optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.