Suppose that a fhrm is producing in the short run with output given by Q-65L L2 The firm hires labor at a wage of $45 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. Type your answer

Suppose that a fhrm is producing in the short run with output given by Q-65L L2 The firm hires labor at a wage of $45 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. Type your answer

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 3CQQ

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Suppose that a fhrm is producing in the short run with output given by
Q-65L L2
The firm hires labor at a wage of $45 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.
Type your answer

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