Amanda owns a toy manufacturing plant with the production function Q = 100L - 3,000, where L

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Amanda owns a toy manufacturing plant with the production function Q = 100L - 3,000, where L is hired labor hours. If the wage rate that Amanda pays her laborers is $7 per hour, what is her cost function?

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Jan 13, 2016 02:37 AM

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Amanda owns a toy manufacturing plant with the production function Q = 100L - 3,000, where L

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Microeconomics

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