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Recall That Touchie McFeelie's Production Function for Comics Books Is

question 23

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Recall that Touchie McFeelie's production function for comics books is 0.1J1/2 L3/4.Suppose that Touchie can vary both jokes and cartoonists' labor.If old jokes cost $4 each and cartoonists' labor costs $24 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio


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