Question: calculus business problem (1 point) In this question you will derive a simple labour demand curve. Suppose that the number of calculators a firm can

calculus business problem

calculus business problem (1 point) In this question you will derive a

(1 point) In this question you will derive a simple labour demand curve. Suppose that the number of calculators a firm can produce per hour (TP) given a certain number of workers (L), is given by: TP = 198 In(L + 41) + 23L The cost of using each worker is just their hourly wage (w). So the total labour cost is C = wL. If the price of each calculator is $20, find the profit maximizing wage as a function of number of workers used (L). W=

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