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Let the Production Function Be F(L)=6L2/3

Question 65

Multiple Choice

Let the production function be f(L) =6L2/3. Suppose that the cost per unit of labor is 8 and the price of output is 8, how many units of labour will the firm hire?


A) 192
B) 128
C) 64
D) 32

Correct Answer:

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