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corie corie
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6 years ago
Currently, One Guy's uses 4 ovens in the production of pizzas (K represents the number of ovens).  One Guy's marginal product of labor function is MPL (L, K) =  .  One Guy's can sell all the pizzas it produces for $12 per unit and hire all the labor units it desires at $8 per unit.  What happens to One Guy's optimal labor employment if it increases the number of ovens to 5?
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Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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6 years ago
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