Question: Suppose a firms production function is given by Q = 12L L2, for L = 0 to 6, where L is labor input per

Suppose a firm’s production function is given by Q = 12L – L2, for L = 0 to 6, where L is labor input per day and Q is output per day. Derive and draw the firm’s demand for labor curve if the firm’s output sells for $10 in a competitive market. How many workers will the firm hire when the wage rate is $30 per day? $60 per day?

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