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A firm has a short-run production function defined by:

 Q = -. 02L2 + 8L

What  is  the short  run demand curve  for  labour  (L) in terms of  the market wage  rate  (w), if the firm can sell all  its output at $5 per unit?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9522196

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