The Production Function Is Given by F(L)= 6L^2/3

question 10

Multiple Choice

the production function is given by F(L) = 6L^2/3.Suppose that the cost per unit of labor is $8 and the price of output is 4, how many units of labor will the firm hire?

• A)16
• B)8
• C)4
• D)24
• E)None of the above.

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