Question: 2. Acme Widget Inc. has the following production function: Jentis Please do a Please do not distrit Number of workers LD Number of Widgets Produced

Widgets Produced Please do nex distribute. 62. Acme Widget Inc. has the

2. Acme Widget Inc. has the following production function: Jentis Please do a Please do not distrit Number of workers LD Number of Widgets Produced Please do nex distribute. 62. Acme Widget Inc. has the following production function: Jentis Please do a Please do not distrit Number of workers LD Number of Widgets Produced Please do nex distribute. 6(e) With the nominal wage fixed at $38 and the price of widgets fixed at $5, the introduction of a new automatic widget maker doubles the number of wid- gets that the same number of workers can produce. What happens to labour demand and production? (f) What is the relationship between your answers to part (d) and part (e)? Ex- unte plain

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