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1. Suppose the production function in an economy is Y- of capital and L is the amount of labor. The economy begins with 8I un

309-003 Spring 2019 Module 1: National IncoLL! VHUlU I CUIISI c. Should the firm hire more labor? If not, at what point shoul

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a) Marg dl L O.S n= 0.22 K72 f.Q4 +リッ2 2N2 (9) ½ 4 N5 (20) ½ 20.69 8 20 LO 19 13 11rrm should hine mon e labeun. I ineuaina by taro an omeunks. Tha A mm shoutd ifi he m ae mone laboun bt not f s heuld s - 398

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