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How many tons of gold does the mine dig in total per month

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Reference no: EM132162065

A gold mine employs miners to dig gold out of the ground. When there are k - 1 miners working in the mine, the marginal product of the kth miner is 0.5k-1 ton of gold per month.

(a) When there are L miners, how many tons of gold does the mine dig in total per month?

(b) Can the mine dig 3 tons of gold per month?

Reference no: EM132162065

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