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Suppose a firm's budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function is X = KL. Given that output must be at least 20, what is the maximum number of people the firm could employ?
is the sales maximization applicable
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Define Williamson''s Model of Managerial Discretion practice?
if market demand is Q= 30 - 3P how do you write the marginal revenue function as a function of Q
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