Question

# Suppose a firm has a production function:

Y =A∗K1/3N2/3

with A = 100 and K = 40. Output sells for a

price of $10 each. The nominal wage is W = $500 and the price level is 10. How many workers should the firm hire?

Macroeconomics

Question

Y =A∗K1/3N2/3

with A = 100 and K = 40. Output sells for a

price of $10 each. The nominal wage is W = $500 and the price level is 10. How many workers should the firm hire?

Macroeconomics

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