Suppose this perfectly competitively firm horizontal demand curve with p=$48, calculate the quantity this firm will decide to produce. Find the amount of L and K the firm will hire. Is this firm making a profit or loss, how much it it? q=L^0.5+K^0.5, assuming r=w=$8. 

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9105 9205 K 5 MPL dg OL M dg 05K 05 And 05... View the full answer