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The short-run production function of a profit maximize firm is given by f(l) = 6l2/3, where l is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3.
(i) How many units of labor will the firm hire?
(ii) How much outputs will the firm produce?
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"Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let along I've never heard of a poor person taxing himself into prosperity. Mr. Jones sends his daughter $500 for a semest..
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