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    Exam 16: The Demand for Resources
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    Refer to the Given Data
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Refer to the Given Data

Question 221

Question 221

Multiple Choice

  Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, at the profit-maximizing level, the firm's total output will be A) 38 units. B) 60 units. C) 64 units. D) 27 units. Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, at the profit-maximizing level, the firm's total output will be


A) 38 units.
B) 60 units.
C) 64 units.
D) 27 units.

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