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The Production Function Is Given by F(L)=6L2/3

Question 12

Multiple Choice

the production function is given by F(L) =6L2/3.Suppose that the cost per unit of labor is $12 and the price of output is 9, how many units of labor will the firm hire?


A) 54
B) 81
C) 13.50
D) 27
E) None of the above.

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