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Consider a competitive firm that produces bots. Labor (L) and capital (K) are the only two inputs of production; each unit ofProfit-maximizing firms must determine how hiring an additional unit of labor will affect profit. To do this, the firm can coOn the graph, use the blue line (circle symbol) to show the firms demand for labor. Then, place the black point (plus symbol

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Date: Page No.: Lrafe Ruenul- lasor cost Capises arst PY-WL-YK n avenus de to adelhe Cabor MRle Magnial Reven Prod labe and c

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