Multiple Choice
When a particular firm is fully utilizing its capital, its output is given by Y = 10 × L0.5. The cost of labor is $1 per unit. To maximize profit, how many units of labor should this firm use?
A) 25
B) 5
C) 3.16
D) 100
E) 50
Correct Answer:
Verified
Correct Answer:
Verified
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