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What is the firm''s total wage bill

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Reference no: EM13877308

Assume the wage rate is $5 and the firm's fixed cost is 828. If demand for the firm's output is P = -3Q + 460

(a) What is the firm's profit maximizing level of output and employment?

(b) What is the firm's total wage bill?

(c) What is its profit?

Reference no: EM13877308

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