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How many people should the firm employ

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Reference no: EM132498171

Consider the following production function of XYZ Company:

Q = -4 + 8L - 2L2, where Q = output, and L is labor. Suppose the price of a product is $10, and labor is paid at $10.

a. How many people should the firm employ?

b. What will be the firm's profit?

Reference no: EM132498171

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