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A firm has the following short-run production function: 9(L) = L +10L - L If this form is going to maximize profits in the short-run by producing a strictly positive level of output (q> 0), what is the lowest level of labor (D) they would employ?

Economics Dec 12, 2020

A firm has the following short-run production function: 9(L) = L +10L - L If this form is going to maximize profits in the short-run by producing a strictly positive level of output (q> 0), what is the lowest level of labor (D) they would employ?

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