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Question: homework 1econ 677man stcloudstatelearnminnstateedud2lecontent4515876viewcontent37767917view econ 677managerial economics koma...

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Homework 1-ECON 677-Man. stcloudstate.learn.minnstate.edu/d2/le/content/4515876/viewContent/37767917View @ ECON 677-Managerial Economics _ Koma. Molle-... ヲ △ R 000 ー rse Home Materialsv Communications ﹀ Assessments of Contents Graduate Managerial Economics Homework 1 omework 1 ︾ A frims production function is given by Q(L)-6L, where Q measures output and L is the number of labor hours. Output sells for 4 dollars per unit and cost of labor is 30 dollars per labor hour How many labor hours should this firm optimally hire? 3)

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