Answer to Question #62851 in Macroeconomics for Gian

Question #62851
A Company is operating on perfectly competitive markets and wants to maximize its profits. Assume that HSG uses the production function Y = ALα with A = 2 and α = 0.5. The real wage w is 4. What is the optimal value of labor L that should be employed?
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Expert's answer
2016-10-22T12:09:06-0400
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