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Economics

If a firm's production function is given by Q = 700Le -0.02L, %3D find the value of L that maximizes output.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 2SQ

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If a firm's production function is given by
Q = 700Le-0.02L ,
%3D
find the value of L that maximizes output.

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